Sentences with phrase «economic theory tells»
now, basic economic theory tells us that when there is more money, it's not worth as much, if the minimum wage is raised, there will indeed be more money, and it will indeed be worth a lot less, because prices will skyrocket.
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We followed up with Stiglitz after the Davos panel, and he told us that Friedman's assertion «was not based on any economic theory.»
Economic theory does not tell us anything about how much tax and transfer rates should vary as incomes rise.
• Bad economic theory: Greenspan's «oops» moment came when he told Congress he found a flaw in his idea that bank executives would never do anything that would hurt the reputations, never mind the survival, of their institutions.
Two knowledge pylons explain economic theories in a manner which is easily understandable; two others provide insight into how the Lindau Nobel Laureate Meetings started and tell the story behind the Nobel Prizes.
Commenting recently on the profound global impact of the veritable explosion in computer power, big data, and computer systems in organisations, Helbring (2014) contended that top - down governance could no longer work and that control had to be with the operational unit, arguing that: `... complexity theory [tells] us that it is actually feasible to create resilient social and economic order by means of self - organisation, self - regulation, and self - governance.»
On November 28, the paper told policymakers to ignore science because it could hurt jobs and increase economic hardship «in the name of global warming theories» its editors don't believe are valid.
Read more of Oates» remarks: Economic Times More on Global Climate Change South Dakota Passes Resolution Telling Schools To Teach «Astrological» Theories of Global Warming Texas Board of Ed Neuters Science Textbooks» Global Warming Language
It isn't the end of modern economic theory, economists don't rely on continual growth to work their theories, they are just as happy to tell you how much your shrinking as how much your growing.