Sentences with phrase «economic theory»

There is a variety of economic theories in the process of tests in the economy today.

Outside of a intellectual construct used in economic theory.

But that is a very big gamble, not something we can confidently predict based on economic theory.

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

That's the basis of one of the fundamental flaws in modern economic theory — energy does not equal utility.

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.

But they are fully supported by the dominant economic theory in which they no doubt genuinely believe.

I trust that you understand the importance of this doctrine for a world governed by economic theory.

This doesn't fit with economic theory, but it appears to be hard - wired into the brain.

If this is not the correct goal then economic theory as it now stands requires extensive revision.

I want now to return briefly to the discussion of economic theory which I initiated in my introduction.

Basic economic theory says that for every new $ 1 dollar bill printed, there will eventually be a $ 1 increase in prices in the overall basket of goods.

Also the virtual exclusion of the natural world from economic theory renders it highly inappropriate at a time when the fate of that world is crucial for all.

They have developed complex economic theories based on this assumption.

This has been important for economic theory and practice, and economists can point to many instances in which they have been proven correct.

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

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

In classical economic theory, sellers in a market are always trying to find ways to reduce their marginal cost.

Economic theory does not tell us anything about how much tax and transfer rates should vary as incomes rise.

Conventional economic theory suggests that low unemployment should ultimately lead to upward pressure on wages - but there has been scant evidence of this during the latest squeeze on household finances.

Modern mainstream economic theory argues from so - called «universal» principles, to arrive at universally «valid» conclusions.

Certainly the need to critique the assumptions of current economic theory is recognized.

The same economic theory argues that the larger the market the better.

This cost reduction in the price of solar PV panels happens to be exactly what economic theory would predict.

Nevertheless, it is clear that contemporary economic theory is all oriented to growth of production.

It's a good story, backed by history and sound economic theory.

Economic theory builds on these assumptions to state that people are fundamentally rational.

Economic theory regards human satisfaction as the only goal.

The situation as I saw it then is that the dominant economic theory supports policies that are destructive both of human community and of the natural environment.

This isn't just economic theory, a similar trend happens in real life.

It's a very deep topic with many economic theories pertaining to it, but in general, inflation is an increase in the price of goods and services over a period of time.

Economic theory goes on to identify this value with the price paid for such objects in the market place.

The most interesting part is understanding how economic theories adapted over time as economic conditions changed around the world.

The approval of self - seeking as rational, built into most economic theory, is a truth that works only when business operates in the context of a community that has other values.

Basic economic theory provides a useful perspective on multiple measures.

The root of the problem is devotion to bad economic theory.

Economic theory tells us that a border - adjusted tax, such as a VAT, should have no long - term impact on trade flows.

If people happen to be generous or philanthropic, economic theory accepts their expenditure of funds alongside others.

Economic theory allows a somewhat larger place for the consideration of pollution than for natural resources.

The way that human beings are actually bound up with one another through kinship and friendship plays no role in Western economic theory.

Indeed, economic theory ignores everything to which a monetary value can not be assigned.

He is a labor economist who combines economic theory with data to inform education policy.

Much economic theory is based on the belief that individuals behave in a rational manner and that all existing information is embedded in the investment process.

It expresses the victory of economic theory over political common sense.

The first assumption to be considered lies outside economic theory.