PDF-Journal of Economic Perspectives132Volume 24 Number 2132Spring 2010132

TThe Columbian Exchange refers to the exchange of diseases ideas food he Columbian Exchange refers to the exchange of diseases ideas food crops and populations between the New World and the Old World. and rising level of public indebtedness across the advanced economies The central policy debate across Europe Japan and the United States now The central policy debate across Europe Japan and the United States now centers on how fast to stabilize so There is little or no focus on training students to suit the needs of business or industry Siegfried and Stock 1999 Our experience suggests that most students especially at the better programs enter graduate school plan ning to seek academic jobs or Patterns of behavior in markets for speci c goods and services offer lessons about the determinants and effects of supply and demand market structure strategic behavior and government regulation Suggestions for future columns and comments on past on It re ects uncertainty in the minds of consumers managers and policymakers about possible futures It is also a broad concept including uncertainty over the path of macro phenomena like GDP growth micro phenomena like the growth rate of rms and nonec At that time Peters view was that contingent valuation was hopeless while I was dubious but somewhat more optimistic But 20 years later after millions of dollars of largely governmentfunded research I have concluded that Peters earlier position was These new methods have diffused widely into merger reviews and antitrust litigation regulatory decision making price setting by retailers the design of auctions and marketplaces and into neighboring elds in economics marketing and engineering Increa THE ECONOMIC JOURNAL straightforwardly presume that economists are, on average, correct and begin to analyse the sources of economic misconceptions. As Kahneman and Tversky (1982) put it, 'The presenc 596 THE ECONOMIC JOURNAL [MAY (c) Instructions concerning the actual game are distributed (Appendix A), and subjects are informed about their (potential) player position X, Y, or Z. Questions are answ O O ver the past 60 years, there have been substantial improvements in the ver the past 60 years, there have been substantial improvements in the college preparation of female students and the colle Editor . Experience. Erich . Kirchler. University of Vienna. 1. Content. What. . is. . the. Journal . of. . Economic. . Psychology. ? . (. Aims. , . editors. , . associate. . editors. , . editorial. 4 Journal of Economic Perspectives subSaharan Africa is the lowest-income region in the world. Figure 1 and Table 1, taken together, offer a snapshot of Africa today. Figure 1 is a map of the continen W hen a lengthy book is widely discussed in academic circles and the popular media, it is probably inevitable that the arguments of the book will be Capital in the Twenty-First Century (2014), a 2 Galenson dwindled in importance over time, servitude continued to exist in mainland North America until at least the fourth decade of the nine- teenth century. In that same decade, indentured servit Eonomists often emphasize that incentives matter The basic law of conomists often emphasize that incentives matter The basic law of behavior is that higher incentives will lead to more effort and high