From the point of
view of economists, these are great success stories.
A separate report on Monday, however, showed factory activity in New York state accelerating in July, bolstering
the view of economists that growth was likely to pick up soon.
The billionaire's outlook contrasts with
the views of economists such as New York University Professor Nouriel Roubini and Harvard University Professor Martin Feldstein, who have said the odds of another recession may be one in three or higher.
To show just how strong this point is, in this blog post, I'm not relying on
the views of economists who outright oppose carbon taxes.
What I am stressing is that this «conservative» case for a carbon tax is totally wrong at Step 1, according to the generally accepted
views of the economists publishing in this area.
The current debate has seen reference made to
the views of economist Hernando de Soto, who argues that legal title to property is fundamental to its exploitation as an asset.135 He suggests that poor people in «developing countries» can accumulate capital in the form of land in shanty - towns for example but they are unable to realise its potential wealth because without legal title to such property, it can not be used as collateral.
Not exact matches
Yet
economists and policy experts say that
view fails to take into account the changing realities
of the workplace, where it's harder to get good - paying jobs, and where wages have been stagnant for decades.
The chairman
of the panel that produced the report, noted
economist Jim O'Neill, was chosen for the task because many
of the problems that drive antimicrobial resistance are economic ones — and therefore require world leaders to adopt a broader
view of the problem.
Gordon bases his
views on a modernized version
of a controversial market theory first promulgated in the 1920s by Russian
economist Nikolai Kondratiev.
Our Washington, D.C.
economists view this escalation as a negotiating tactic, but it increases the probability
of disruptive announcements in coming weeks.»
That's the
view of a panel
of business
economists, whose latest growth forecast calls for a 3.1 percent advance in U.S. gross domestic product in 2015 — up from a 2.2 percent expansion this year.
«The psychiatrist sees symptoms
of diagnosable conditions in everyone from the grocery checkout cashier to his spouse; the
economist views the simple buying
of a cup
of coffee as an example
of a macroeconomic phenomenon.»
The problem
of how much to pay CEOs from this point
of view, and what combination
of kinds
of payment to offer (cash, stock options, etc.), is hotly debated by top business scholars and
economists.
Economists expect the Fed will raise rates at least once this year, based on a
view of an improving U.S. jobs market and the central bank coming under pressure to keep inflation from rising well above its 2 % target.
Those kinds
of numbers support the
view that «a potentially severe housing correction is underway,» says David Madani, an
economist at Capital Economics, who for months has been predicting a 25 % decline in Canadian home prices.
«That should be
viewed as a positive development by the (Bank
of Canada), though progress on reducing the «key vulnerability»
of elevated household debt will likely be very slow,» RBC
economist Josh Nye wrote in a research note.
But nowcasts might offer a check on the work
of Bay Street and Wall Street
economists; Bartlett said research suggests nowcasting produces better predictions than calculating the consensus
view of private - sector analysts.
«This will likely be
viewed as a «set up» for the next meeting on June 13th, where a growing number
of economists believe that will be the meeting in which they will raise rates.»
Bloomberg
View columnist Barry Ritholtz interviews the chief
economist of KPMG LLP, Constance Hunter, who has more than 20 years
of investment experi...
The Update Should Have Included More Information on the
Views of the Private Sector
Economists and Their Forecasts in Order to Develop a Credible Medium - Term Fiscal Track
The
economists did offer some caveats to their
view, adding that risk - reward tradeoffs don't necessarily look attractive, valuations remain high — particularly in U.S. high - yield credit — and there's a growing risk
of an overheated labor market and recession down the road.
That is the surprising new
view of a number
of economists in academia and on Wall Street, who are now predicting something the United States has not experienced in years: healthier, more lasting growth.
«A different set
of people on the Fed could have a different
view on what the appropriate unemployment rate is,» said Nigel Gault, co-chief
economist at the Parthenon Group.
All this was
viewed (by classical
economists) as something that government regulators should get rid
of, either by not permitting it in price, or by holding the monopolies in the public domain, or by the land itself being either nationalized or taxed.
This is the classical
economist's
view of the world, and it should be taken seriously.
A second major issue is that
economists and policymakers do not have a comprehensive
view of how government programs designed to ameliorate the worst effects
of economic inequality actually affect inequality.
Below is a Brief Summary
of Behavioral Finance
Economists view the goal
of investing as maximizing economic wealth.
The report presents a highly optimistic
view of the economy's current condition and future course, with growth predictions that exceed most nonpartisan
economists» expectations.
She formulates
views and forecasts on the outlook for the economy, interest rates and currencies and manages a team
of economists.
Shiller's
view draws deeply from
economists John Hicks and Vilfredo Pareto, who famously developed a theory
of optimal resource distribution according to what he perceived to be the logical limits
of exchange.
The bounce - back was somewhat smaller than
economists had forecast, however, falling short
of the 310,000 consensus
view.
This is not the
view of real wealth and economic growth that 19th - century classical
economists had in mind when they set out to reform the economy by freeing markets from the claims
of earned income and special interests.
Moreover, it is now doubtful whether the efficient market hypothesis makes any kind
of sense. Indeed, a great many
economists and bankers have discovered Minskyâ $ ™ s
views on financial fragility and his financial instability hypothesis, according to which banks and financial markets can not be left to themselves: we need regulations even though regulating markets may not succeed in avoiding another crisis once the memory
of the current crisis has faded away.As told to me by a law student recently hired by Blackrock, the largest asset manager in the world, with assets totalling more than 3,500 billion dollars â $ «thatâ $ ™ s one and a half times larger than UBS and twice as large as PIMCO â $ «many asset managers are now turning away from hiring neoclassical
economists and actually prefer hiring engineers, sociologists and even philosophers.
Although Lael Brainard's outlook on inflation reflects that
of the overall
view of the central bank, a large number
of economists would beg to differ with the reasoning offered by the governor.
So I thought I'd share a positive
view of the economy, from Allen Sinai, chief global
economist for Decision Economics.
Most
economists find the «lack
of inflation growth» perplexing in
view of the tight labor market and a pickup in GDP growth.
In a bit
of cunning, he argued that the open - ended nature
of the commitment — which most
economists view as highly stimulative — would allow the Fed to pull back if the economy takes off.
A number
of economists and commentators have expressed the belief that the global economy is on the brink
of deflation, but Templeton Global Macro CIO Michael Hasenstab takes a contrarian
view.
There is some acknowledgement in the Update
of the variation in
views on economic prospects by the private sector
economists.
Yet, at a macro level, our
economists view this as a medium - term positive, with 0.2 - 0.3 percentage point
of upside risk to their 2018 GDP forecast
of 1.1 % growth.
«[Chief
economist Jonathan] Smoke and his team looked at the median number
of days homes spent on the market to gauge the supply
of homes for sale, and the number
of listing
views per market to arrive at a list
of the 20 hottest real estate markets in the country.»
First written in 1949 by British
economist and investing guru Benjamin Graham, The Intelligent Investor is
viewed as the bible
of value investing, or choosing stocks with strong fundamentals that appear to be underpriced or undervalued by the market.
When we ask what policy to adopt in
view of global warming,
economists are inclined to advise us not to make any costly changes.
When we
view our environment in this way, we must take account
of entropy, as
economists typically do not.
Economists sometimes argue that when a society becomes sufficiently wealthy the benefits
of increased wealth will trickle down to those who are now poor, but in the countries they cite as success stories, the improvement
of the lot
of the poor was greatly benefited by governmental action and labor unions, neither
of which are
viewed favorably from the point
of view of the theory.
Since we are bombarded daily by the mass media with news and
views on the economy and economic policies, it is necessary to be trained to demythologize the claimed orthodoxies
of economists, academics, policy makers and media programmes, as it is necessary to be able to demythologize the stories
of the scriptures.
Some
economists,
of course, see every activity as a marketplace transaction — dating and marriage, political behavior and even religious commitment can be
viewed as the pursuing
of maximal self - interest.
Yet most
economists, as well as many people living in countries newly committed to economic reform, overwhelmingly affirm Smith's
views on the importance
of free markets.
A hundred or 200 years ago my forerunners among political
economists could find their valuational moorings in the philosophies
of natural right and utilitarianism, which in their turn were based on the associational psychology
of hedonism — and which are now, in my
view, defunct.
Since we are bombarded daily by the mass media with news and
views on the economy and economic policies, it is necessary to be trained to demythologize the claimed orthodoxies
of economists, academics, policy makers and media programmes, as is accepted in the case
of the stories
of the scared scriptures.