How does economics affects your life?

Answer 1

Yes, the economy affects our everyday lives in ways we usually don't see everyday.

Inflation is at a 27-year high while personal incomes are down 1.6% from last month. And the results are twofold: We have less money to spend. And we're spending more for less. Worse, that's just one reason why one Wall Street analyst believes we're "facing the prospect of a depression and the end of the American Dream." More importantly, it also gives four ways any investor can protect their money -even profit -before and during the fallout. It's a must-read for anyone who owns property, stocks or is just plain tired of wondering when the market will bottom out...

The rising defaults on subprime mortgages in the US triggered a global crisis for the money markets. Many of the world's leading investment banks have collapsed as a result and the US government has proposed a massive bail-out.

The crisis has become one of the most radical reshapings of the global banking sector, as governments and the private sector battle to shore up the financial system following the disappearance of Lehman and Merrill as independent entities and the $85bn government rescue of AIG.

Take a walk down Bank Street and follow the fortunes of some of the world's largest banks as they navigate the global financial crisis.

The 'two great forming agencies of the world's history have been the religious and the economic', according to Alfred Marshall in his Principles of Economics (p. 1). Surveys suggest that the majority of economists today might be non-believers; even more so than physical scientists (Stark et al. 1996). Because of this, it is not surprising that the dominant view among economists is that the subject matters of theology

and economics are separate. In the past, theology and economics were more closely intertwined, with economic implications of theology debated as a matter of course. This process extended into the nineteenth century, even by those who regarded themselves as political economists. The separation of the two disciplines in that century assumed the character of historical disjuncture, and caused some surprise among political economists and theologians of that time.