Sentences with phrase «economic agents»

These activities are ones involving huge numbers of economic agents in a large number of countries where the costs and benefits of action do not indicate any obvious focal policy or technological fix.

The efficient use of finite resources benefits not only contemporary market participants but future economic agents as well.

Financial markets will play an important role in helping economic agents and governments in coping with climate change - induced shocks.

For a more general treatment of this issue of overconfidence and other ways in which economic agents depart from complete rationality, see Richard Thaler.

All the major economic agents begin to behave in ways that worsen the debt crisis until finally the country slides into default.

Adam Smith pointed out that universal development may not be the conscious intention of every individual economic agent.

If expectations are forward - looking, and if economic agents think some part of the debt will have to be paid for by printing money, higher interest rates might be the result, or higher wages.

Transparency about how the authority will analyze systemic capital - markets risk, and the framework it will use to react, is itself a useful tool to guide private economic agents who of necessity don't have the full system - wide view.

In that case, with incentives lines up so that all the major economic agents worsen the debt problem, debt must rise faster than both GDP and the country's debt - servicing ability.

Aristotle, in his Politics, described the workings of an economy using a household model in which economic agents distribute goods to maximize the flourishing of their loved ones.

Let's first give a very brief sketch of some of the main preoccupations of post-war liberal economic theory, which sought to understand the actual behaviour of economic agents under conditions of scarcity through the creation of predictive models.

And it is more intense when economic agents borrow short - term to finance their efforts, because when things go wrong, the feedback loop is quick.

By the same logic, increasing the direct price, as through a carbon tax, will motivate all «rational economic agents» to reduce their fossil fuel consumption by increasing efficiency or by substituting alternative energy sources.

The Bitcoin protocol enables a «smart» machine to participate as a third economic agent alongside humans and organizations in the marketplace.

New business models where trust and control will be carried out in a completely new way and the Internet of Things will lead to a new economic agent — «the machine» — being added to the existing economy.

It's a fictitious species that represents the individual economic agent, motivated by selfishness.

Internet ‐ based businesses such as Facebook facilitate broader economic activity across a series of economic agents.

Economic agents, i.e. corporations and consumers, will undoubtedly tighten up as we approach November and the early January deadline.

In addition, fiscal reforms have to be introduced so as to encourage the «economic agents» to save and to invest.

The Liberty and democracy, explained he, can easily become irreconcilable if the democratic majority decides to interfere in the unconditional rights of each economic agent to have at its disposal, as it likes, its property and its income.

We might add to this the implicit assumption of consensus: buyers and sellers consensually engage in their transactions, and in theory, these rules apply universally to economic agents.

This handout looks specifically at the following topic areas: the economic problem; economic models and assumptions; scientific method; normative and positive economics; ceteris paribus; renewable and non-renewable resources; economic agents; specialisation and division of labour; production possibility frontiers; opportunity costs; economics as a social science; factors of production and finally the function of money.

Economic agents have to rely on capital gains to make money, and that is where bubbles pop, and go into reverse, with a vengeance.

For markets to self - correct, it requires that economic agents have enough access to capital in order to make the investments necessary to arbitrage the differences between the markets that are in disarray.

Economic agents are then assumed to decide rationally on (i) how much to invest in flood protection; (ii) how much to invest in flood - prone (protected) areas; and (iii) how much to invest in safe areas.

What is essential though, is that every economic agent be incentivized at the margin to participate in and support the global organization as a whole.

What is essential though, is that every economic agent be incentivised at the margin to participate in and support the global organization as a whole.