By Steven E Landsburg
Within the wake of his greatly renowned books The Armchair Economist and extra intercourse Is more secure intercourse, Slate columnist and Economics professor Steven Landsburg makes use of innovations from arithmetic, economics, and physics to handle the massive questions in philosophy: what's genuine? What do we comprehend? what's the distinction among correct and fallacious? and the way may still we are living? Landsburg starts with the broadest attainable different types from a mathematical research of the arguments for the lifestyles of God; to the genuine that means of the Heisenberg Uncertainty precept and the Godel Incompleteness Theorem; to the ethical offerings we are facing available on the market and the balloting sales space. Stimulating, illuminating, and constantly mind-blowing, The Bid Questions demanding situations readers to reassess their so much basic ideals and divulges the connection among the loftiest philosophical quests and our daily lives.
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Extra resources for The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics
Example text
However, this does not imply that the assumptions are innocuous for the diagnostics of growth for individual countries. 4. Investment and growth in the stock of capital Capital stock, cumulative growth rate, in percent Capital stock per worker Capital stock per worker Capital stock per worker Capital stock per worker 1990–2009 in 2005 US$, 1990 in 2005 US$, 2009 in 2005 PPP US$, 1990 (PWT) in 2005 PPP US$, 2009 (PWT) (b) (c) (d) (e) 90,226 69,136 79,058 126,516 83,340 121,156 354,729 309,260 104,010 132,199 151,694 314,910 57,457 231,668 160,663 177,864 207,856 220,616 187,937 45,024 19,786 22,990 120,110 172,024 (a) Bahrain Kuwait Oman Qatar Saudi Arabia UAE Other oil producers (median) Other developing c.
5 for most countries. , estimating equation 1), but such estimations are fraught with difficulties. Simple regressions are incorrect and overestimate α because of the common issue of reverse causality: higher GDP (which results in higher profits) finances investment and therefore a higher capital stock. Disentangling the effect of capital stock on GDP from the reverse effect is difficult. Senhadji (2000) attempted such an estimation using long-term cointegration relationships and a correction for endogenenity.
1999). “The big push, natural resource booms and growth,” Journal of Development Economics, 59: 43–76. —— (2001). “The curse of natural resources,” European Economic Review, 45: 827–38. Setser, B. and Ziemba, R. (2009). ” Center for Geoeconomic Studies, Working Paper. New York: Council on Foreign Relations. 1 Introduction The member countries of the GCC have changed considerably over the last thirty years. The fast development of the region has spurred the creation of new cities, the development of infrastructure, and the expansion of new industries that have attracted capital and a new labor force from around the world.
