Sentences with phrase «traditional economic models»

Traditional economic models assume that people act exclusively in their self - interest, just as traditional evolutionary theory describes competition among individuals.

«This is historic, and it's part of why I think traditional economic models don't work,» Rieder said.

«Richard Thaler has pioneered the analysis of ways in which human decisions systematically deviate from traditional economic models,» says cognitive scientist Peter Gӓrdenfors of Lund University, Sweden, a member of the Economic Sciences Prize Committee.

Discussing the complacency and complicity of traditional economic models, as taught in universities and adopted by central banks, Michael and Steve take us on a journey from a solar system to a galaxy of thought, taking in the history of economics to solutions for the ongoing global depression.

When, you know, people look at history and look at the traditional economic models that said, «This sort of growth, this sort of wage, you know, 4 % unemployment rate, my God, you're gonna see this sort of inflation.»

Their price forecasts were also far more accurate than traditional economic models that take no account of oil depletion, predicting a strong upward trend that closely fits what has happened since 2003.

The traditional economic modeling work by Yale's William Nordhaus cited by Manzi is quite irrelevant in the face of 1,000 ppm warming.

6 million jobs can be created by transitioning towards a «circular economy» which includes activities like recycling, repair, rent and remanufacture - replacing the traditional economic model of «extracting, making, using and disposing».

As crypto markets become more prevalent, they threaten the traditional economic models that maintain the status quo.