0
The economist Julian Simon bet in 1980 that the prices of five free traded commodities would in ten years. In 1990 Simon this bet against the neo-Malthusian Paul Ehrlich.?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
At the time of World War 2 this economist spoke against laissez-faire arguing that government is necessary to address the problem of economic inequality?
Pigou
Why did economist warn against the harshness of the Treaty of Versallies?
Economists during the period had warned that if Germany was unable to repay its debt, the world would collapse into financial ruin. Economist, Maynard Keynes believed the Treaty of Versailles was a death sentence for every German man, woman and child.
What are derivatives in economics?
Derivatives are securities whose value is derived from the some other time-varying quantity. Usually that other quantity is the price of some other asset such as bonds, stocks, currencies, or commodities. It could also be an index, or the temperature. Derivatives were created to support an insurance market against fluctuations. source:www.economics.about.com
Why are so many people against laissez-faire?
There are against it for the same reason they are against anarchy.More often than not it will lead to exploitation of the weak,vulnerable and unprepared by the unscrupulous,powerful and greedy
What did the local merchants do against imported goods?
The local merchants held a BOYCOTT against imported goods.
Paul Ehrlich wrote that only alkaline disinfectants would be effective against Mycobacterium How did he reach this conclusion?
I would guess that if a bacterium is acid fast, then Ehrlich thought an alkaline might destroy it.
What was the economist discouraged the use of vaccinations?
R.O. Bomsawin, M.D. was supposed to be against vaccines but I find no supporting evidence that he was.
Why did economist warn against the harshness of the treaty of Versailles?
They feared that the world's economy would collapse if Germany could not repay its war debts.
Who was Paul Ehrlich?
Paul Ehrlich (born on 14 March 1854 in Strehlen, Silesia; died on 20 August 1915 in Bad Homburg) was a German physician, serologist and immunologist. He was the first to establish chemotherapy and developed as the first a medicaments to treat syphilis. In addition, he was involved in the development of the serum against diphtheria. He was awarded the Nobel Prize in medicine in 1908.
At the time of World War 2 this economist spoke against laissez-faire arguing that government is necessary to address the problem of economic inequality?
Pigou
Why did economist warn against the harshness of the Treaty of Versallies?
Economists during the period had warned that if Germany was unable to repay its debt, the world would collapse into financial ruin. Economist, Maynard Keynes believed the Treaty of Versailles was a death sentence for every German man, woman and child.
Who can be the investors on commodities market?
Technically anyone can be an investor on the commodities market. But there are two major categories: - Hedgers looking to protect themselves from future price changes in a commodity that is directly or indirectly related to their business. For example, a farmer may want to sell several bushels of corn to guarantee against a rise in prices. - Speculators looking to profit from differences in price movement.
Why equity markets and dollar price are inversely related?
The equity markets and the dollar price are inversely related because when the dollar strengthens against all the major currencies, the prices of the commodities usually drop.
What is futures trading?
Futures trading is the buying and selling of contracts which require you to buy or sell an item on a certain date for a certain price. Most (very close to all) futures contracts are written against commodities rather than stock.
What is the buffer stock of India?
Buffer stock is the Inventory of inputs held as a reserve against short-term shortages and/or to dampen excessive fluctuations in the prices of commodities and thus protect local exporters from wild swings in world commodity prices.
How Commodities Trading Works?
Commodities are physical goods such as food stuffs like corn and wheat, precious metals like gold and silver, and raw materials like steel and oil. Commodities are traded on exchanges, like stocks. The difference is that since commodities are physical items, it is difficult to literally trade barrels of oil, bars of gold or bushels of wheat within the actual building. So, commodities traders use futures contracts. A futures contract is an agreement between buyers and sellers of commodities. For example, say a copper mining company knows it will have mined a certain amount of copper at a future date. The company wants to sell that copper. Another company that creates products made from copper wants to buy a certain amount that it will need at a future date. If these two companies simply wait until that future date, the price of copper has a lot of time to rise or fall. To hedge against the risk of the price of copper rising or falling, the two companies create a futures contract stating that they will make the transaction at the agreed upon price. The contract prevents the price from moving for only the specified amount of copper. Producers and consumers of commodities use futures contracts to protect themselves from losses due to commodity price fluctuations. There are two types of participants in the commodities markets: commercials and speculators. Commercials are the actual companies or businessmen who mine, grow, harvest or extract commodities. Commercials use futures contracts to structure their businesses and grow their profits. Speculators are individuals who are not involved in the commodities business per se, but trade futures contracts in the hope of making money. Like stocks, the aim of commodity speculation is to buy futures contracts at low prices and sell them at high prices. Commodity speculators bet on whether or not the price of certain commodities like gold or oil will rise. Like stock speculation, commodity speculation involves considerable risks. Unlike stocks, futures contracts represent large amounts of individual commodities. This means that, depending on the price movement of the commodity, the speculator stands to lose a much larger amount of money.
Who believed that the urban poor would eventually rise up against the factory owners?
Karl Marx, a German philosopher and economist, believed that the urban poor would eventually rise up against the factory owners in a revolution. Marx argued that the conflict between the working class (proletariat) and the capitalist class (bourgeoisie) would lead to the overthrow of capitalism and the establishment of a socialist society.
