Sentences with phrase «economic theory argues»

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

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

In contrast, economic theory argues that there is no need for sacrifice.

Not exact matches

Economic pundits arguing that the Canadian dollar is overvalued often base their view on the theory of purchasing power parity (PPP), which predicts that international trade eventually leads exchange rates to adjust until a typical basket of consumer goods and services in Canada costs the same as in other countries.

In a break from the House plan, which kept the top marginal income tax rate at the current 39.6 percent, the Senate bill would slightly lower it to 38.5 percent — a win for advocates of supply - side economic theory who argue that a lower top rate will grow the economy.

But TUC senior economist Duncan Weldon argues it's a radical challenge to mainstream economic theory.

Since the theory says we should not support policies that worsen the economic condition of the poor for the sake of further enriching the rich, it is important for those operating by the theory to argue that the poor have not been damaged in the process.

In it we argue that for purposes of developing economic theory, human beings should be considered persons - in - community.

World - system theory, for example, has argued that economic cycles, called Kondrotieff waves, lasting approximately fifty years each, can be identified over and above whatever secular economic trends may be at work.

Generally, critics argue that this type of theory is overly static, as well as prone to equilibrium, whereas actual economic behavior is dynamic.

The theory is used often to argue whether or not a certain region is ready to become a currency union, one of the final stages in economic integration.

The result is an overall emissions decline with the lowest overall economic impact, at least in theory, though some economists and other experts argue that such trade in greenhouse gases amounts to «voodoo economics» — the benefits of the trading never trickle down to the actual pollution control.

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.»

Both sides use economic theory to try and predict the various benefits, and frankly, I tend to look at all economic predictions with a very skeptical eye because it is almost always blinded by political or self interest, or tries to argue «pure» economics that looks real good on paper, but doesn't take into account that humans rarely act completely in their actual best interest since emotions, ignorance, etc all get in the way.

I'd argue that that's simply wishful thinking that goes against well - established economic theory and data of how innovation and technology enters new sectors.