Economics in sentence

1736 examples of Economics in a sentence

The extent of our dramatic inequality is at least as much a problem of politics as it is a problem of economics.

First, meet Adam Smith, founding father of modern economics.

It looks pretty similar for those who had studied economics or those who had studied psychology.

But they did it through cooperative economics, because they knew that capitalism was never going to finance black liberation.

And the answer is going to have to be cooperative economics.

Let me do one last thing I hadn't thought I'd have time to do, which is to talk about what we learned more generally about economics, from the study of the gang.

This is one of the basic ideas in labor economics, called a "compensating differential."

But now, because we had the economics of AIR-INK figured out on the other side, we could incentivize him to give us this pollution and make inks from it, and turn it into even more valuable products.

Otherwise we will be missing this open moment in history, where we have a consensus on both the form of politics and the form of economics.

Textbook economics does not work in my context, and I have very few recommendations from anybody as to how to put together a legal economy.

One of them was on Brownian motion, it provided empirical evidence that atoms exist, and it laid out the basic mathematics behind most of financial economics.

Then, Darwin starts studying my field, economics.

And slowly, that idea is leaking out to the cognitive sciences, the human sciences, economics, et cetera.

The first revolution was in economics.

With the advent of online grocers and trending meal kits, consumers are increasingly disconnected with their farmers and the economics of food production.

After laissez-faire economics triggered the Great Depression, John Maynard Keynes sat down to write a new economics, and what he did was to tell a restoration story, and it went something like this.

Where we find ourselves crushed between market and state, we can build an economics that respects both people and planet.

And we can create this economics around that great neglected sphere, the commons.

So, he'd taken this data and made a presentation which just shattered a lot of myths that people had about the economics in the developing world.

The economics of all of this is going to be challenging.

It all comes down to just one thing: economics.

There was a time in which the economics profession worked in the public interest, but in the neoliberal era, today, they work only for big corporations and billionaires, and that is creating a little bit of a problem.

We need a new economics.

So, economics has been described as the dismal science, and for good reason, because as much as it is taught today, it isn't a science at all, in spite of all of the dazzling mathematics.

What we now know is that the economics that made me so rich isn't just wrong, it's backwards, because it turns out it isn't capital that creates economic growth, it's people; and it isn't self-interest that promotes the public good, it's reciprocity; and it isn't competition that produces our prosperity, it's cooperation.

What we can now see is that an economics that is neither just nor inclusive can never sustain the high levels of social cooperation necessary to enable a modern society to thrive.

But it is this behavioral model which is at the cold, cruel heart of neoliberal economics, and it is as morally corrosive as it is scientifically wrong because, if we accept at face value that humans are fundamentally selfish, and then we look around the world at all of the unambiguous prosperity in it, then it follows logically, then it must be true by definition, that billions of individual acts of selfishness magically transubstantiate into prosperity and the common good.

And it is this gospel of selfishness which forms the ideological cornerstone of neoliberal economics, a way of thinking which has produced economic policies which have enabled me and my rich buddies in the top one percent to grab virtually all of the benefits of growth over the last 40 years.

So at the heart of this new economics is a story about ourselves that grants us permission to be our best selves, and, unlike the old economics, this is a story that is virtuous and also has the virtue of being true.

Now, I want to emphasize that this new economics is not something I have personally imagined or invented.

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