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Topic: Economic good

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In the News (Mon 18 Mar 19)

  Economic Development - HUD
HUD wants to strengthen communities, and economic development is an important part of that effort.
Economic development is all about creating and retaining jobs in our Nation's communities.
Learn about economic development programs from HUD and other federal agencies.
www.hud.gov /economicdevelopment   (131 words)

  20th WCP: Utility and Universality versus Utility and the General Good
The greatest good is not the good of the greatest number, the greatest good is the universal good.
Economics is the art, which deals with the growth of wealth; the art of the true distribution and maintenance of goods.
The philosophical answer is: the greatest good is the universal good, and the universal good is that which is not contradictory in it's application.
www.bu.edu /wcp/Papers/Econ/EconHage.htm   (2092 words)

 The Economic Way of Thinking Part 1 | The Foundation for Economic Education: The Freeman, Ideas on Liberty
In contrast to free goods, economic goods are characterized by scarcity.
An economic good is one that humans cannot obtain in quantities sufficient to satisfy their wants at a zero price.
In this first of a series of essays on the economic way of thinking, I have defined economics as the basic study of human action, that is, of conscious, purposeful human behavior.
www.fee.org /publications/the-freeman/article.asp?aid=2044&print_view=true   (1637 words)

  Basic Concepts of Economic Value   (Site not responding. Last check: )
The economic value of a particular item, or good, for example a loaf of bread, is measured by the maximum amount of other things that a person is willing to give up to have that loaf of bread.
Thus, economic value is measured by the most someone is willing to give up in other goods and services in order to obtain a good, service, or state of the world.
Economic values are also affected by the changes in price or quality of substitute goods or complementary goods.
www.ecosystemvaluation.org /1-01.htm   (1069 words)

 Chapter 2. Economy and Economic Goods
They must become clear: (a) about their requirements­that is, about the quantities of goods they will need to satisfy their needs during the time period over which their plans extend, and (b) about the quantities of goods at their disposal for the purpose of meeting these requirements.
We have defined an economic good as a good whose available quantity does not meet requirements completely, and thus we have the principle that the existence of requirements for goods of higher order is dependent upon the corresponding goods of lower order having economic character.
But with these goods, as with goods of first order, they find that some are available in quantities exceeding their requirements while the opposite relationship prevails with others.
mason.gmu.edu /~tlidderd/menger/menger_ch2.html   (1976 words)

 Common Good Progressivism   (Site not responding. Last check: )
The principle of the common good is drawn upon in these faiths to guide people towards more thoughtful consideration of their own actions in light of others; to compel political leaders and policy makers to consider the needs of the entire society; and to check unrestrained individualism that frequently erodes community sensibilities and values.
The goal of the common good in both the secular and faith traditions is a more balanced and considerate populace that seeks to provide the social and economic conditions necessary for all people to lead meaningful and dignified lives.
Common good progressives should promote a tax system that rewards work; enhanced labor laws to protect workers and increase their collective bargaining power; and a global trade system that helps those who are economically displaced and protects labor and environmental standards in addition to increasing overall growth.
www.americanprogress.org /events/special_events/commongoodprogressivism.html   (4696 words)

 CDC - Applying Economic Principles to Health Care
The economic impacts of pain and suffering are of concern to the patient and society, but may not be relevant to a purely economic analysis of costs from the perspective of health-care providers or third-party payers (2).
The economic analysis in this instance is similar in complexity to the analysis of environmental problems such as air and water quality (4).
Public goods represent a class of economic goods because by their nature they are nonrivaled and nonexclusive in consumption.
www.cdc.gov /ncidod/eid/vol7no2/scott.htm   (2599 words)

 Conservation Ecology: Biological invasion risks and the public good: an economic perspective
The virulence of infectious and communicable diseases is not independent of the density of infected and susceptible populations, the pattern of settlement, and the level of development (Delfino and Simmons 2000).
Economic assessment of preparedness strategies to prevent the introduction or the permanent establishment of screwworm fly in Australia.
Economic consequences of alien infestation of the Cape Floral Kingdom's Fynbos vegetation.
www.ecologyandsociety.org /vol6/iss1/art1   (4266 words)

 Paula Dobriansky, "Principles Of Good Governance," Economic Perspectives, March 2003
Good governance means equal protection for women and minorities and open and fair access to judicial and administrative systems.
Good governance also means the absence of corruption, and countries will not be eligible for MCA assistance if they are corrupt.
Corruption damages economic development and reform, impedes the ability of developing countries to attract foreign investment, hinders the growth of democratic institutions, and concentrates power in the hands of a few.
usinfo.state.gov /journals/ites/0303/ijee/dobriansky.htm   (1600 words)

 The nature of blood as an economic good
In essence then, “an economic good is a desirable thing of which there is not enough to satisfy the desires of those who want it” [1], and which can, by implication, be successfully rationed, usually by means of the price mechanism.
It is thus obvious that every economic good has some intrinsic price attached to it, even if the person who actually consumes it does not pay for it, as is the case with gifts (which are paid for by a donor) or publicly provided goods (whose costs are borne by the taxpayer).
While the range of economic goods is immense, covering everything from guns to butter, the number of real life items that do not, to some extent, display the characteristics of an economic good is minimal [2].
www.geocities.com /humanoffal/section14   (1610 words)

 A Model for Efficient Aggregation of Resources for Economic Public Goods on the Internet
A public good is a good that is non-depletable and non-excludable, as we illustrate in a moment.
Unlike the case of public good externalities that differ from plain-old public goods only by the intent of their creator, private goods externalities represent a fundamentally different class of economic good: it is a good that is a half-step from a public good toward a private good.
A public good is a good that, once produced, is undiminished by being used by one or more users (it is non-depletable) and available to all (it is non-excludable).
www.press.umich.edu /jep/works/HallgModel.html   (6231 words)

 water as a social and economic good
Furthermore, this paper suggests, contrary to the public perception, that with the improvement of the use of economic tools, the role for government regulation in managing water as an economic good is increased, not decreased.
The Full Economic Cost of water is the sum of the Full Supply Cost as described in the previous section, the Opportunity Cost associated with the alternate use of the same water resource, and the Economic Externalities imposed upon others due to the consumption of water by a specific actor.
The standard economic approach to externalities is to define the system in such a way as to "internalize the externalities." In this paper we have chosen to separate the economic and environmental externalities, realizing that in some cases it will be difficult to distinguish exactly between them.
members.tripod.com /~jzjz/watroger.html   (7206 words)

 Good Jobs First
Good Jobs First keeps an eye on corporations that frequently go to the public trough, and we critique the most egregious giveaways.
This is the main finding of a study of economic development subsidies received by GGP as well as the company's frequent challenges to its property tax assessments.
Economic development incentives that were originally intended to help revitalize older areas are instead being used by outlying suburbs to pirate jobs and tax revenues from older cities in the Twin Cities metro area.
www.goodjobsfirst.org   (1185 words)

 donga.com [english donga]
According to a recent report titled “The National Income in the Second Quarter of 2007” released by the Bank of Korea, real GDP in the second quarter grew by 1.8 percent compared to the previous quarter, the highest rate since the fourth quarter growth of 2.7 percent in 2003.
However, amid such positive economic indicators, private consumption merely increased 0.8 percent compared to the previous quarter, and the contribution of domestic demand to GDP growth fell from 1.3 to 0.9 percentage points compared to the previous quarter.
Yoo Byeong-gyu at the Hyundai Economic Research Institute pointed out, “Export growth is led by major companies in automobiles and semiconductors, while domestic demand is driven by SME manufacturers,” adding, “The domestic demand contributed less to the GDP growth rate, which shows bipolarization of actual economic sentiment and economic indicators.”
english.donga.com /srv/service.php3?biid=2007090485018   (424 words)

 Economic good times 'no winner' | The Nation | The Australian
JOHN Howard's right-hand man for more than a decade has warned the Liberals that economic prosperity is no guarantee for electoral victory.
Arthur Sinodinos, the Prime Minister's economic adviser and chief of staff since the early 1990s, has told lobbyists, businessmen and journalists in Canberra that no government could afford to rest on its laurels.
"Another benefit of responsible economic management is the scope it leaves for the Government to spend money on important infrastructure to help maintain the prosperity we now enjoy years into the future," he said.
www.theaustralian.news.com.au /story/0,20867,21356010-2702,00.html   (578 words)

 World Economic Forum - Homepage -
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
By contrast, 'Sandstorm' explores a future where severe regional instability creates a range of economic, political and social challenges for the country.
The programme is available on a wiki-style webpage where you can comment on the sessions or post questions to be discussed by the panel.
www.weforum.org /en   (299 words)

 Marcela Sanchez - Can Lula Stand to Lose? - washingtonpost.com
More than four in five Brazilians said last week that they expect 2007 to be a good or very good year for them, according to a survey by the polling firm Ibope.
Eighty-two percent expressed confidence that their personal incomes would increase or at least stay the same over the next six months, and more than half approved of the way Lula is combating inflation -- which means a lot to a country that struggled with years of hyperinflation.
If Lula's objective was to modestly continue free-market reforms and attain economic stability, his presidency so far could be labeled a success.
www.washingtonpost.com /wp-dyn/content/article/2006/09/21/AR2006092101186_pf.html   (763 words)

For normal economic goods which are exchanged between buyers and sellers under a specified set of conditions, this value can be measured by estimating the area under the demand curve.
A corollary is that the (small) economic benefits of moving to marginal cost pricing have to be weighed against the (large) administrative and governance costs of dealing with a system which "defies common sense" for most customers.
Finally, it is important to acknowledge that the idea of "water as an economic good" is but one of a triad of related ideas which will increasingly shape the way in which societies are organized (and water managed) in the latter part of the twentieth century.
members.tripod.com /~jzjz/icid16.html   (6748 words)

 Online TDM Encyclopedia - TDM and Economic Development
Transport planning decisions are sometimes portrayed as a tradeoff between the economic development benefits of increased mobility, and social and environmental benefits from reduced demand.
There is an economically optimal level of automobile use beyond which increased driving is overall harmful to society.
Many countries experience their greatest economic growth when per capita automobile use is relatively low, and economic growth rates decline as households become wealthy enough to afford more consumer goods such as private cars.
www.vtpi.org /tdm/tdm54.htm   (2116 words)

 The Heritage Policy Weblog:Economic News Is Good, But Not a Reason for Complacency
Here's the key paragraph from the press release: The updated forecast projects somewhat slower economic growth in the near-term than was projected in June 2006.
The updated forecast projects somewhat slower economic growth in the near-term than was projected in June 2006.
We should be careful not to take this good economic news for granted.
policy.heritageblogs.org /2006/11/economic_news_is_good_but_not.html   (439 words)

 www.businessinafrica.net | news | east africa 'Ethiopia's economic progress good' -WB
Ethiopia’s recent progress in this domain was underrepresented as the country has shown a rate of growth of about 9 percent for the past three years and was on course to increase this into double figures in the coming few years.
In the section on “improving public sector management” the report stated that “the public sector is critical for good governance and development.
"While economic outcomes are increasingly diverse, Africa has made near uniform progress in social outcomes, notably education and health," explained John Page, the World Bank's Chief Economist for Africa, adding that the per capita income of African countries were now increasing in tandem with other developing countries.
www.businessinafrica.net /news/east_africa/401324.htm   (557 words)

 The Size and Functions of Government And Economic Growth
Economic theory indicates and a number of studies have shown that these moves toward economic freedom have promoted economic growth.
Investment would be expected to increase economic growth, and the positive sign on the investment coefficient shows that more investment is correlated with higher economic growth.15 The coefficient of the investment variable is significant at better than the 95 percent level of confidence.
Nations with high levels of inflation also tend to have high variability in their inflation rates, but there is a slightly stronger statistical relationship between the variability of the inflation rate (as measured by its standard deviation) and GDP growth than is true for the level of inflation.
www.house.gov /jec/growth/function/function.htm   (12340 words)

 USNews.com: Opinion: Capital Commerce: : Is Good Economic News Good for Democrats?
The economics team at Goldman Sachs, Paulson's old firm, is predicting that the economy expanded at just a 1 percent annual rate during the past three months, with the housing slump "bending but not breaking" the economy.
So in one of those "good news is bad news" scenarios that Wall Streeters love to spin, a strong GDP report might sink stocks because investors might interpret it as raising the odds of more Fed rate hikes.
When Pethokoukis is not teasing some transcendent meaning out of the confluence of economics, politics and finance, he plays lots of Mille Bornes with his gaggle of kids — he's doing his part to save Social Security — and lurks around Lost and Battlestar Galactica message boards.
www.usnews.com /usnews/biztech/capitalcommerce/061024/is_good_economic_news_good_for.htm?s_cid=rss:site1   (870 words)

 Nazret.com EthioBlog - Ethiopia : 'Ethiopia's economic progress good' -WB
This economic progress stuff is a lie given to the World Bank by Meles Zenawi and the TPLF cadres.
All this economic progress stuff you are talking about, give it to the World Bank or stick it in your drawers.
It is hard for good Ethiopians, like me, to say good job to woyanes because of unsubstantiated good economic news while reading a well documented atrocities that are being committed on our people.
nazret.com /blog/index.php?title=ethiopia_s_economic_progress_good_wb&more=1&c=1&tb=1&pb=1   (5244 words)

 Good Classroom Acoustics is a Good Investment
The incremental costs for achieving good classroom acoustics is a small fraction of total costs of new school construction.
Good acoustics can survive this competition if decision makers are convinced that its costs are justified by their economic benefits.
A measure of the economic value of this improvement is (0.03)* $7000 or $210.
www.nonoise.org /quietnet/qc/ica22001.htm   (1153 words)

 UNICEF - Press centre - Disparities affecting children cloud economic good news story
HELSINKI/FLORENCE,18 October 2006 - Despite widespread economic upturn in South-Eastern Europe and the Commonwealth of Independent States (SEE/CIS) since the late ‘90s, one in four children under 15 is still living in extreme income poverty according to a UNICEF report released today.
Direct income support in the form of state transfers for households with children are widespread in the region, much occurring in the form of pensions.
The world’s largest provider of vaccines for developing countries, UNICEF supports child health and nutrition, good water and sanitation, quality basic education for all boys and girls, and the protection of children from violence, exploitation, and AIDS.
www.unicef.org /media/media_36196.html   (853 words)

 Economic Development Futures Journal: Offshoring is Not Good for Economic Development
Take a look at this Newhouse News Service article and tell me that offshoring is not the single biggest threat to economic development that we have faced in a long time.
In short, a company is allowed greater tax benefits if it grows its employment and payroll bases in the United States, and just the opposite occurs when they offshore their business and jobs at the expense of U.S. jobs and prosperity.
In addition, state and local governments should be forbidden to give economic development incentives, tax exemptions, and tax credits to any business (domestic and international) that fails to meet the federal performance measures I've described above.
www.don-iannone.com /edfutures/2005/07/offshoring-is-not-good-for-economic.html   (371 words)

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