Sentences with phrase «standard economic theories»

Standard economic theories of «economic substitution» and «creative destruction» apply.

Last but by no means least, standard economic theory predicts that increased trade will grow the economy but hurt some specific social classes.

A still more important factor ignored by Buchanan has been the victory of the standard economic theory that 5 to 7 percent unemployment is needed to prevent inflation.

Argentina's paper economy has collapsed as a result of the government's following the teaching of standard economic theory too faithfully.

This helps explain why our debt burden has not yet triggered what standard economic theory would dictate: a steep decline in the value of the U.S. dollar followed by a severe contraction of the American economy when we found we could no longer afford the foreign goods we like so much.

First, there is one challenge that does not lie outside standard economic theory although its seriousness is rarely acknowledged by economists.

Here we encounter a theoretical difference between challengers and standard economic theory.

Since the seventies I have been quite sure that standard economic theory is profoundly mistaken in its basic premises.

In terms of decision - making, the description of System 2 bears a close resemblance to the rational, general - purpose processor presupposed by standard economic theory.

«If the standard economic theory is right,» he says, «most individuals will save almost all of a payment.»

Standard economic theory predicts that firms will not invest in general training and will underinvest in specific training.

Why it matters: Standard economic theory holds that borrowers should repay high - interest debts first in order to minimize interest payments.

Then, standard economic theory suggests the market will incorporate the new information from this price, and individual interactions will again determine the best «solution» to what goods and services to produce.

With more demand in the debt market, standard economic theory suggests that mortgage rates would increase faster than they would have absent a higher deficit, raising the cost of financing a home.

Not exact matches

The texts and national standards teach neoclassical economic theory.

However, standard economic development theory focused on increasing productivity, that is, the amount of goods produced per hour of human labor.

Given two assumptions, standard in economic theory, the judgment that individual selfishness promotes the common good should work.

Considerations such as animal welfare standards have been trumped by seemingly more important economic theories about free trade.

Thus standard growth theory misses an essential feature of this «economic web» of goods and services.

Our approach to valuing pensions, which considers both the generosity and the risk of pension benefits, is entirely consistent with economic theory, the way in which liabilities of all types are valued in the private sector, public - sector accounting standards in Canada and Western Europe, academic writings, and the judgments of officials at nonpartisan government agencies such as the Congressional Budget Office, the Federal Reserve, and the Bureau of Economic Aeconomic theory, the way in which liabilities of all types are valued in the private sector, public - sector accounting standards in Canada and Western Europe, academic writings, and the judgments of officials at nonpartisan government agencies such as the Congressional Budget Office, the Federal Reserve, and the Bureau of Economic AEconomic Analysis.

Keywords: Risk management, measuring uncertainty, failure of models that predict failure, complexity theory, standard out of equilibrium level, irrational expectations on economic rational actor model.

It is not an adaption to the conventional economic equilibrium theory but a theory at a standard out - of -

Category: English, North America, Transversal Studies, Your experiences, Your ideas · Tags: complexity theory, failure of models that predict failure, irrational expectations on economic rational actor model, measuring uncertainty, Risk management, standard out of equilibrium level

Current bills to allow districts to exceed curriculum standards and introduce religious beliefs and ideological economic theories into schools (SB966).

As a result, economic theory suggests that rational consumers are forced to assume that no lawyer is better than the minimum standard actually required.