Economics Times

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It seems to me that the failing of the Market is due (in part) to the inability for instantaneous adjustments (yes, there's need; but the product doesn't instantaneously appear to fill it, and by the time it does, the need might have changed substantively). Further, the concept of externalities seems to depend on being able to neglect what's outside a system: if there's a closed system and a firm that uses human labor makes a product but destroys all the clean water, that's an externality at least at first, but obviously eventually no one will be able to drink resulting in no laborers and no product. But on Day 1, that cost isn't included in the profit structure (and this is an extreme example, but obviously more ambiguous ones exist). Can anyone either explain this to me, or point me to a paper or website (or more than one)? Feel free to explain where you believe I'm wrong, though as this is far outside my area of expertise, I'd appreciate it if you speak simply. Thanks I understand the time value of money. Or think I do :) I don't mean: how does the value of money change over time. I mean: (1) how do I reconcile "the invisible hand" with the fact that the hand doesn't move instantly and (2) Given infinite time, is there such a thing as an externality? (I realize that given a long enough time frame, one doesn't care about poisoning the labor force; but there's an intermediate point. And don't tell me that the market steps in and filters are made because the need is now there to clean the water, because there are no guarantees that this is scientifically possible, nor that it can be done in the right time frame.)

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The value of money is NOT a constant, therefor, the value of the dollar (or peso or whatever) changes, as such the dollar value changes along with the change in the value of money...the money then changes the value of the thing and it is a neverending penny pinching process of credit card debt...I have no idea...where are the cheetos I have some videos to watch by myself...btw does anybody have a cure for orange member?

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BASICALLY what those insurance companies do is charge you more (a little to a lot more) premium for your life insurance. the unused premium is then set into an account to gather extra interest, at the end of the period (usually one year) they give you the unused premium back with a fraction of the interest they accrued on it. personally speaking...i want my money and ONLY i will invest it where i want.

Such as, we eat at different times, so would that help in anyway for the economy or anything? or the different times we would do a favorite activity? or we'd be on the internet at different times, so would that help anything? and by the way, i mean time zones, but i guess seasonal time changes works too

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That's a very intelligent statement, the first I've seen today about the time change. The time change was originally created by Benjamin Franklin because he was concerned by how much coal we used and how many trees we burned. By changing the time we turn on the lights less and burn less fuel. He has done more to reduce energy costs two hundred years ago than anything else ever has. He ain't on the hundred dollar bill for nothin'!

I just recently graduated and hold a Bachelor of Arts in Economics. So it is time to put my College Education in use but I am having hard time to find a decent job with a good company that prefers Economics majors. Most of jobs i see need a lot of experience or are bad door to door sales jobs. I want some advise for people who that hold a similar degree and have made the transition successfully into the job market. Would like to ask those people what jobs do they currently hold the company they work for, and what was their starting point, how did they got that position. What?s the best career path to follow with an economics degree. Also i would like to know from people who have chosen totally different path and have not used their economics degree. So anybody that holds an Economics degree tell me what work do u do and let me explore your career path and follow your footsteps. In response to Dual i do have a dual major my other major is Political Science. Thanks for your advise of what i should do get a master or phd but what i really want to know is what people have done without going back to school. It is not worthless after all because many people say that go back to school get your masters. I want resposes from those that made it with just a bachelor. Yes i know that is one way to go back to school but i want to see the other options. Thats good sugestion Mary I like your answer. I will do that i will try. Although you have not told me what do you do. What company do you work for, what is your degree and the position you currently hold. I am also interested in knowing what people do and how they made it not just advise of what i should do. I want your story Mary not just advise. you told me what i should do but you did not tell me that i got such and such position there. It needs this experience or it is entry level. That is good advise rmarjadi. tell me the name of the company.

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I hold a degree in economics. I currently work at a bank as a commercial credit analyst. This has allowed me to use some of my economics background, since I have to analyze market conditions in order to determine whether or not to underwrite a particular deal. It's not pure economics, but it's the closest I could find without a masters degree.

Would it be a good idea to take both micro and macro econ at the same time or am I going to get lost and cofused?

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Yes, take them at the same time. They are similar, and the material taught would be similar. Micro is usually taught using local governments as examples. Macro is usually taught using the US or world economy as example. I don't know what grade you're in, but in college, ECON 101 teaches both at the same time. Hope this helps.