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updated Fri. June 23, 2017

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It may come as a surprise to suggest that a branch of engineering can make an essential contribution to social and economic theory, but there are many examples to illustrate this. There is a growing interest in the "circular economy" as a way to ...
It is a relationship-based society where concepts like 'individualism,' which are fundamental to economic theory, are missing.
The common good is reducible to what produces the most economic growth. Social Actors are reduced to consumers driven solely by self-interest and competition for power.
socialism, as defined by that same dictionary: "A political and economic theory of social organization based on collective or governmental ownership/control, and democratic management of the essential means for the production and distribution of goods.
One of the reasons that it is so well known is because it is both persistent and it fits nicely with modern economic theory. In a world of efficient markets, as the risk of a particular investment increases, so must the expected return to compensate ...
But, even worse, it misses the point, and shows why public policy should be based on valid economic theory, not gut feelings.
Unfortunately, economic theory and historical evidence give weight to the old adage, "What sounds too good to be true, probably is.
The UK's national statistics office recently said this economic theory doesn't hold up so well these days and that the relationship between sterling and exports was more complex.
{quote} Thank you for explaining your global politico/economic theory. Unfortunately Im here to trade and supplement my Squawk.. not to discuss capitalism or the World Order. Whatever grand conspiracy you see in this narrative.. the markets respond to it..
It appears that Oklahoma politicians will finally come to their senses and raise taxes. Kansas is doing this, as well, after going bankrupt.
Their groundbreaking work applying psychological insights into economic theory help us to understand why people make irrational choices.
Their fecklessness enables the triumph of politics over people, of ivory tower economic theories over real, flesh and blood pain and anguish.
But both economic theory and empirical evidence about consumer behaviour demonstrates that individuals cannot solve big, systemic problems.
economic theory dubs this as 'supply side change' in contrast to the demand side improvements typically sourced from central bank stimulus or as a result of lower currency or economic growth in other parts of the world.
Traditional economic theory holds when unemployment falls (i.e., when more people are employed) inflation will rise because demand for workers will push wages higher.
The decision to refine the methodology was based on the need to better reflect the latest developments in policy priorities, economic theory and data availability as well as improve the quality and timeliness of the indicators, and better capture ...
But I want to take a step back and question the macro-investment and macro-economic theory going on here in a much larger context.
Paul Gachanja, who heads the Department of economic theory at Kenyatta University in Nairobi pointed fingers at Kenya's economic challenges to over reliance on rain-fed agriculture.
greediness can and should be restrained, but the combination of neoliberal economic theory, deregulation, and globalization has actively encouraged it.
The economic theory behind the BRA is that the short-term, day-to-day prices of the wholesale power market fail to provide the longer term certainty of revenue flows needed to build new capacity.
If you don't yet know him by name, meet rational economic man, or Homo economicus, the protagonist who stands at the heart of mainstream economic theory. Drawn on the page he would have to be depicted standing alone, money in hand, calculator in ...
"Compared to most economic theories, the so-called "Phillips Curve" couldn't be simpler. Developed by the New Zealand economist William Phillips, it argues that there is an inverse relationship between unemployment and inflation: when one goes up, the ...
The CPI measures the average changeover time in prices of goods and services consumed by people for day-to-day living. The construction of the CPI combines economic theory, sampling and other statistical techniques using data from other surveys to ...
But Uber isn't just studying economic theory; it's operating a dynamic marketplace in the real world. And that means there are many ways individualized pricing could backfire.
"It is a massive middle-class tax hike based on unproven economic theory, and doing it more slowly won't make it any less harmful to millions of American workers.
Classic economic theory considers any resulting increase in domestic output, jobs, and incomes as a deadweight loss on society and not a healthy gain for the economy.
The supply side economic theory holds high taxes retard economic growth. The government, in collecting revenue, is denying the opportunity for the free market to use those funds, spur growth and create prosperity.
The evolution of trade agreements finds its genesis in a series of flip-flops in the trade policies of Europe and the United States which, for over two centuries, were heavily influenced by mercantile economic theory. A favourable balance of trade ...
The phrase refers to an economic theory in which individuals act in their own self-interest towards a shared resource but against the common good.
Nothing in economic theory supports keeping real government spending constant over a period as long as a decade. As large as the size of Brazil's government is, there is no magic ratio of spending to GDP that would ensure sustained growth.
"During his distinguished career, he helped advance the frontiers of economic theory through his research on important and policy-relevant topics.
All industries go through four lifecycle phases: introduction, growth, maturity, and decline. This is basic to modern economic theory.1 It holds true for nearly every industry, from automotive manufacturing to restaurants, and potentially to dental ...
The lone member of the Federal Reserve to vote against Wednesday's decision to raise interest rates explained Friday that he did so because he decided to rely on data rather than faith in economic theory. "Deciding whether to raise rates or hold steady ...
In the economic theory, a student may have watched their father lose his job when a mine closed. Or they watched a friend's mother be laid off when the local factory downsized.
The CPI measures the average changeover time in prices of goods and services consumed by people for day-to-day living. The construction of the CPI combines economic theory, sampling and other statistical techniques using data from other surveys to ...
Other news outlets, however, saw the Kansas Legislature's action as a final verdict on the "supply-side" economic theories - dubbed "trickle-down" economics by some and "Voodoo economics" by then-candidate George H.W. Bush - that economist Arthur ...
The latter claim, bank bailouts for none, requires a level of discourse on economic theory far beyond the scope of this review, but the former (economic growth for all) is an intriguing assertion.
Traditional economic theory holds that investment decisionmaking is perfectly rational. That is, price and value are based solely on supply and demand and decisions driven by quantifiable determination of return.
The weight of economic theory and evidence suggests that if an economy is adding jobs, then inflation can't be far behind.
... self-taught himself by reading classics of early nineteenth century political economy whilst serving as an army officer in India in the 1890s.
According to conventional economic theory, the exchange rate can be calculated in terms of a currency's so-called purchasing power parity (PPP): if the same basket of goods can be purchased with the same number of euros as dollars, then the exchange ...
I find it amusing to hear all of the doomsayers predicting all kinds of economic chaos from the rise in the minimum wage. They argue that the increased cost to business will cause many jobs to be lost and many companies to go out of business.
As Afghanistan's population swelled with the return of refugees after the Taliban were toppled in 2001, he says the situation became a "tragedy of the commons".
He laments that there is no economic theory to back this up, to the unending frustration of Austrian Economists everywhere.
Most of their issues with the policy come from their suspicion of the economic theory that the border adjustment is trade-neutral.
THE FIRST BUSINESSMAN president, Herbert Hoover, was widely unloved. But any comparison to the businessman in the White House now would be terribly unfair - unfair to Hoover.
There is backing for this position in academic economic theory. For example, the framework developed by Robert Hall and Dale Jorgenson (1967) shows that business taxes raise the marginal cost of investment under most circumstances.
Nothing in economic theory supports keeping real government spending constant over a period as long as a decade. As large as the size of Brazil's government is, there is no magic ratio of spending to GDP that would ensure sustained growth.
For example, if you know your way around economic theory, you can see your case in a wider perspective than your opponent who is stuck with a positivist reading of the law and can only try to grasp the meaning and logic of the disputable point in ...


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