Sentences with phrase «economists know»

For example, we psychologists and behavioral economists know that the pleasure of gaining something seems to be smaller than the displeasure of losing exactly the same thing.

Economists know better.

Economists know their business much better than I do.

And before you dismiss Baker, ponder this: he's one of the very few economists we know to have predicted both the dot - com crash and the U.S. housing disaster.

Labor economists know that a year of schooling raises earnings but have little evidence on the impact of specific courses completed.

I, and most economists I know, would probably put that number at about 20 to 25 percent (while also wondering precisely what this metric captures), with most of education's purpose being human capital building.

But then what do economists know?

Of course, as economists know, homo economicus is an abstraction, but we can not think of human beings in general without abstraction.

Furthermore, economists know that economic activity outside the market contributes to economic well - being.

Good economists know, from work carried out within their discipline, that the foundations of their subject are virtually non-existent... Conventional economics offer prescriptions for the problems of inflation and unemployment which are at best misleading and at worst dangerously wrong... Despite its powerful influence on public life, its achievements...

It is caused chiefly by kleptocratic governments or private interests in league with governments that make market exchange unprofitable, that make investment in producing something to exchange silly, that encourage achieving private wealth at the cost of other people's wealth instead of by working, saving and inventing (economists know this last by the odd term «rent seeking»).

Economists all know that Homo economicus is an abstraction from the fullness of human reality.

Of course, all economists know that their model of the human being is abstracted from the fullness of human existence.

Now economists know that people don't just respond passively to changes in policy.

In addition, economists know that only legal markets can be taxed, and therefore many see the market for marijuana as a way to increase tax revenue while also making marijuana consumers better off (compared to a situation where only black markets exist).

Here are five things economists know about immigration.

But economists know it is a good thing.

With the economy refusing to obey models and forecasts, the question increasingly arises: do economists know anything?

«All this talk of decentralization is just bullsh*t,» said Nouriel Roubini, an economist known as Dr. Doom for predicting the chaos of the 2008 financial crisis.

Among the most boisterous of the conference's panelists was Nouriel Roubini — an economist known for predicting the 2008 financial crisis.

But every Austrian economist I know worth their weight and those who are not in the Neo-Keynesian new model will tell you that that was exactly what caused all the problems, was that Greenspan was reticent to raise all the rates even though the return on capital was rising significantly.

regarding the stadium, all economist knew that we had to expand on the capacity or we were going backwards, the board took a vote, it was passed that we would develop a new stadium, accounts were produced bank loans were excepted, AW was asked if he can take on the huge task of staying in the EPL with a shoe string budget, he excepted the challenge did a great job until we got rich but AW LOST THE ART OF SPENDING and forgot how to manage top players,

Wenger as an economist knows that, that is the reason Arsenal is making profit, and he does not get fired.

Writing in the Financial Times, the New York University economist known as «Dr. Doom» explains that the expiration of existing stimulus and transfer payments will stall the economy precisely when it needs a boost.

Nouriel Roubini, the economist known as Dr. Doom for predicting the recent economic crash, argues that the current price of gold isn't based on fundamentals, rather it's being driven up by a herd - like mentality among investors.

These are key issues in the short term, but, as every economist knows, long - run economic growth is determined mainly by improving productivity.

What would a physicist / economist know about the physics of climate and the economic impact of cap and trade?

They wrote (as quoted by you): «But given how little is known about either the climate's sensitivity to greenhouse - gas emissions or about future emissions levels,...» The use of the word «either» makes it very clear that The Economist knows that uncertainty about climate sensitivity is * not * the same thing as (or «equal to») uncertainty about emissions.

Several good economists I knew joined the new body with the best of intentions.

I read somewhere that economists no longer speak in terms other than «growth,» that our society's obsession with growth has led them to characterize periods of recession as «negative growth.»

Not exact matches

This recommendation comes from finance professor Anat Admati, who says: «Economists tend to think that beliefs and behavior are guided by incentives and rational processing of information, but I know that there is more to it than this simple model, and that other disciplines have much to say.

If you have been following along, you will know that Bank of Canada Governor Stephen Poloz and a number of Bay Street economists have been at odds this year over what shade to use when colouring the spaces around the outlook for the Canadian economy.

While the NRF no longer provides an estimate in dollar amounts of how the key weekend went, the consensus among analysts and economists is that the 2017 holiday season got off to a great start for the retail sector at large.

Vancouverites may be disappointed their city is no longer number one for livability according to The Economist, a ranking it lost last year to Melbourne after almost a decade at the top.

The so - called «Nobel Prize in Economics» (more accurately known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) will be awarded Monday morning and two Canadian economists are considered to be top contenders.

There was a time not long ago when Jeffrey Sachs — the Harvard - educated economist who tried to end poverty forever — was known more for his capitalism than his bleeding heart.

'' [Bush's] big areas of focus have always been on education and refocusing people on opportunities, no matter what income bracket they are born into,» says Stan Veuger, resident economist for the conservative American Enterprise Institute in Washington, D.C.

That's significant, considering he spent the early part of his mandate telling the public that economists» preferred methods for telling the future no longer worked.

Overstock CEO Patrick Byrne and the company's Medici Ventures are partnering with well - known Peruvian economist Hernando de Soto.

There was a phase in 2008 and early 2009 where nobody knew what was going on, and when I spoke to economists and financial analysts to see where the economy was going, it was incredibly opaque.

Economists tell us that quitting is actually often the smart move and that while humans have a natural tendency to avoid losing sunk costs (otherwise known «throwing good money after bad»), cutting your losses is frequently the better course of action.

Economists use gross domestic product to measure growth over time, but as modern economies evolve, it may no longer be up to the task

We've known this since Pigou in 1924 — British economist Cecil Pigou suggested, a long time ago, that the government could impose «extraordinary restraints — most obviously taxes,» to reduce pollution.

Getting economists to describe it is a bit like asking an astrophysicist to give you a detailed picture of what would happen if a giant asteroid hit the earth — no one really knows because, thank goodness, it has never happened before.

But Rubin, the best - known bank economist in Canada at the time, was no stranger to risky predictions.

As an economist what I know about unpaid internships worries me; what I don't know worries me doubly so.

Additionally, Kudlow is well known as a supply - side economist who favors tax cuts as a way to boost the economy.

In this Harvard Business School paper, for example, Kruse and economist Martin Weitzman write that some employees may not work any harder if they know their share of the payout remains fixed.

«This is no longer about China slowing down sharply,» David Rosenberg, the chief economist at Gluskin Sheff & Associates, wrote in his daily newsletter.

Expectations are muted: the recent consensus among economists surveyed by Bloomberg was that our GDP should expand by a meager 1.8 % in 2013, a pace commonly known as «stall speed.»