Sentences with phrase «by modern economists»

Not exact matches

While Bitcoin is often criticized because it's not backed by a physical commodity, that's not an issue for Michael Lee, an economist in the New York Fed's Research and Statistics Group, who says that neither is the dollar and most modern currencies.

Modern economists and behaviorists sometimes call this more realistic decision - making process «bounded rationality» — because a «fully rational» decision - making process which consider all options is impossible in the real world, decision makers simplify by self - limiting, or creating a boundary around, their options.

The motivations vary by discipline, but a short list would include the largely physical pleasure of the Utilitarians, the desire for survival of the Darwinians, the incestuous sexual cravings of the Freudians, the quest for power and class domination of the Marxists, and the blind search for unlimited affluence of modern economists.

So in a sense then people have been seduced by models, both by the informal materialist theoretical mechanisms of the Marxists and by the mathematical models of modern - day economists.

Our approach is based on Modern Portfolio Theory, introduced by the Nobel Prize - winning economist Harry Markowitz, who proved you can minimise volatility (risk) and maximise reward (money!)

Our investment philosophy is influenced by economist Eugene Fama's Nobel Prize - award - winning research on Modern Portfolio Theory and Efficient Markets.

The lecture and panel discussion series will include a full program of daily presentations; Michael Kimmelman, Chief Architecture Critic and Former Chief Art Critic for The New York Times, «The View from Over There, Over Here»; Jun Kaneko, «In Between»; William Warmus, Former Curator of Modern Glass at Corning Museum of Glass will moderate roundtable discussion, «The Studio Glass Experiment — The First 50 Years 1962 - 2012»; a thought provoking panel moderated by Bruce Helander, Editor - in - Chief of The Art Economist; Willis «Buzz» Hartshorn of International Center of Photography, «The ICP Legacy and New Directions in Photography»; Ullysees Dietz, Curator of Decorative Arts at the Newark Museum, «Ceramics as Art, Not a New Idea»; and Mark Leach, Executive Director of the SECCA, Southeastern Center of Contemporary Art will present «The New SECCA: Directions in Contemporary Art».

It has been recognized and documented by everyone from conservative economists like Richard Posner, to Rand's Institute for Civil Justice, to William L. Prosser, the father of modern tort law.