Sentences with phrase «economic theory as»

Economic theory as presented by the Austrian school could helpful in suggesting general paths for policy — but unfortunately would be totally out of the whelm of the current economic thought of looking first at heavy goverment involvement.

HEM is based on well - established economic theory as well as historical data, and contains a variety of modules that interact with each other for long - term forecasting.

Formerly great scientists had apparently taken economic theory as a religion rather than as a theory with limits of applicability like any other theory.

But economic theory as such has no place for community.

The transnationalization of capital has defeated all the given economic theories as well.

Not exact matches

Or, as Bentham likes to say, borrowing another phrase from academic economic theory, Shell's challenge is to «minimize the maximum regret.»

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

As part of a broad project to discover why we need innovative entrepreneurs, Spulber applied game theory to model the economic importance of tacit knowledge.

The focus of classical value and price theory was to free economies from economic rent, defined as unearned income simply resulting from privilege: absentee land rent, mineral and natural resource rent, monopoly rent, and financial interest.

In modern economic science, regressions of wage growth on tax rates can not be understood as causal without a theory of the level of tax rates.

This monetarist theory has guided Russian economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy, as well as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF on third world debtor countries.

«Lower oil prices have not proven to be as stimulative as economic theory once had it,» said Daniel Yergin, the energy historian and vice chairman of the IHS consultancy.

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.

As part of our continuing series of commentaries celebrating the 50th anniversary of Mel Watkins» classic article, «A Staple Theory of Economic Growth,» we present the following commentary by Marc Lee, economist with the B.C. office of the Canadian Centre for Policy Alternatives. Marc considers the implications — both economic and environmental — of the current -Economic Growth,» we present the following commentary by Marc Lee, economist with the B.C. office of the Canadian Centre for Policy Alternatives. Marc considers the implications — both economic and environmental — of the current -economic and environmental — of the current -LSB-...]

Economic theory states that as productivity increases at some point products will be in short...

«I admit that I have always harbored an exaggerated view of my self - importance — to put it bluntly, I fancied myself as some kind of god or an economic reformer like Keynes (each with his General Theory) or, even better, a scientist like Einstein» George Soros

Although the annual meeting is run by a Swiss non-profit organization, the World Economic Forum is typically viewed as a conference for the establishment where central bankers and policymakers can promote traditional theories of economic development and monetaryEconomic Forum is typically viewed as a conference for the establishment where central bankers and policymakers can promote traditional theories of economic development and monetaryeconomic development and monetary policy.

The US Dollar is the «grand unifying theory asset» for nearly any and all «profile» global macro or thematic equities trades in the marketplace right now, as it represents investors being long this «new» version of «economic growth.»

According to the «Austrian school», one of the most basic flaws in the QTM and in many other economic theories is the treatment of the economy as an amorphous blob that shifts one way or the other in response to stimuli provided by the government, the central bank, or a vague and unpredictable force called «animal spirits».

It sprouted as a theory from National Bureau of Economic Research (NBER) data on economic cycles dating back Economic Research (NBER) data on economic cycles dating back economic cycles dating back to 1854.

The labor theory of value aimed at isolating the economic rent as a margin that either was to be taxed away (for land and natural resources that were privatized) or kept in the public domain (for infrastructure and other natural monopolies).

As a consequence, knowledge of good economic theory is required to understand what's happening to money and why slower economic progress, or even a prolonged economic contraction, will be an inevitable result.

Knowledge of economic history is critical for good policy making because, as valuable as it is to understand models and theories, in real life policies have to be made in societies that are complex and have political and sociological considerations to take into account.

As such, it bridges economic theory and money matters in practice.

But insofar as you do think there are differences between rightly understood Locke and the contemporary libertarian or classic liberal reading of natural rights applied to economic issues, perhaps you will wind up defending at least part of my theory.

Its distinctive character as an aspect of nature ceased to function in economic theory.

Unfortunately, as long as economic theory views the natural world only in terms of its contribution to the market, Christian repentance will do little to end policies that are systematically destructive.

But nowhere in economic theory is there any recognition that individual households are better off when the community as a whole is better off.

This dilemma is far more important as we enter the twenty - first century than economic theories of how to achieve economic growth.

Accordingly, economic theory has no place for community or for such values of community as justice.

Economic theory has depicted nature in no other way, and even natural resources have not been regarded as important.

Economic theory developed in a context in which nationalism was taken for granted as the context of economic aEconomic theory developed in a context in which nationalism was taken for granted as the context of economic aeconomic activity.

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.

When we turn to the view of the human, the implications of the metaphysics I have proposed are just as contrary to those of the dominant economic theory.

But if land in this broad sense has value as an end in itself, then the economic theory based on land as commodity can not be acceptable.

Economic theory, for example, treats land as a commodity.

now, basic economic theory tells us that when there is more money, it's not worth as much, if the minimum wage is raised, there will indeed be more money, and it will indeed be worth a lot less, because prices will skyrocket.

Nevertheless, it is beginning a process of repentance, and I personally insist that as Christians we have strong reasons to oppose the denial by economic theory of any intrinsic value to animals.

As for the Pope's economic theories, the Pope by all appearances is an extremely intelligent man but you don't have to be very bright and only moderately observant to understand «trickle down economics» never worked and never will.

At the other extreme, many variants of world - system theory and some variants of the other perspectives regard economic development as inherently productive of conflict, oppression, and exploitation.

World - system theory has emerged over the past fifteen years as leading contender with modernization theory.6 As the name suggests, world - system theory emphasizes the larger set of social, economic, and political relations that link societies togetheas leading contender with modernization theory.6 As the name suggests, world - system theory emphasizes the larger set of social, economic, and political relations that link societies togetheAs the name suggests, world - system theory emphasizes the larger set of social, economic, and political relations that link societies together.

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

Whereas south of that parallel it is hard to get an audience that will listen to a discussion of economic theory, in Canada this is recognized as important.

The theory is that when economic growth goes far enough, as in a few countries in East Asia, the demand for workers drives wages up without benefit of unions or governmental involvement.

Some suppose that as the limitations of economic theory appear, new branches can be developed to deal with them.

One of the cornerstones of economic theory has been that production increases faster as the market is enlarged.

He points out that economic theory considers itself as the science of scarcity, whereas «the economic problem has been morethan solved among the rich sixth of the world's population.

In them we find clearly articulated such themes as the importance of the communidades de base («grass - roots «Christian groups); Jesus as the liberator from hunger, misery, oppression and ignorance; the refusal to separate Christian sanctification from «temporal» tasks; challenges to capitalism (as well as to Marxism); the theory of «dependency» on inhuman economic systems; the need for liberation from neocolonialism; the need for «conscienticization»; the need for the church to support the downtrodden; the correlation of peace and justice; and the reality of «institutionalized violence.»

Economic theory was affected by the great scientific discoveries in physics, biology and psychology, and economic laws were presented with the same authority as laws ofEconomic theory was affected by the great scientific discoveries in physics, biology and psychology, and economic laws were presented with the same authority as laws ofeconomic laws were presented with the same authority as laws of nature.

As we all know, spiritual traditions describe reality in terms rather different from those of traditional economic theory.