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Economist in sentence

1214 examples of Economist in a sentence

The economist Friedrich Hayek put it well in 1945:“[T]here is beyond question a body of very important but unorganized knowledge which cannot possibly be called scientific in the sense of knowledge of general rules: the knowledge of particular circumstances and place.
In this sense, East Asia’s economies have embraced the process of “creative destruction” described by the Austrian economist Joseph Schumpeter, whereby the economic structure is continually revolutionized from within.
Indeed, according to the late economist Gustav Ranis, the interactive dynamic of policy and market institutions was the key to the success of the East Asian economies.
Moreover, ECB chief economist Otmar Issing predicts long- term interest rates would go up—not down—as inflationary expectations increased.
Looking at price earning ratios on Wall Street, Robert Shiller, an economist at Yale University and one of the most convinced believers in the bull market, observed recently that stocks have never been more overvalued, not even in the summer of 1929, before the Great Crash.
As the economist Joseph Stiglitz puts it, America’s welfare state is, first and foremost, the Fed’s monetary policy.
As the late economist Herb Stein, an advisor to President Richard Nixon, used to say, if something is unsustainable, then someday it will stop.
But no economist can say when is "when."
According to the MIT economist Olivier Blanchard, Europeans simply enjoy leisure more than Americans do, even if it means that they have less money.
As the late great international economist Carlos Diaz-Alejandro once put it, “by now any bright graduate student, by choosing his assumptions….carefully,
An apprentice economist no longer needs to be particularly bright to produce unorthodox policy conclusions.
We can be fairly certain that the economist, like the vast majority of the profession, will be enthusiastic in his support of free trade.
She is an economist of great intellect, with a strong ability to forge consensus, and she has proved her mettle as Chair of the President’s Council of Economic Advisers, President of the San Francisco Fed, and in her current role.
As British economist Roger Bootle pointed out in his 1996 book The Death of Inflation, the price-cutting effects of globalization have been a much more important influence on the price level than the anti-inflation policies of central banks.
It turned to Simon Kuznets, a Soviet émigré economist and future Nobel laureate, who was asked to define and calculate what was then called “national income.”
For example, in a study that looked at 40 villages over 16 years, the economist Yao Yang found that the introduction of elections had led to increased spending on public services by 20%, while reducing spending on “administrative costs” – bureaucratese for corruption – by 18%.
But not now: given extraordinarily low long-term interest rates, no serious economist raises the “crowding out” issue nowadays.
As the Nobel laureate economist Robert J. Shiller has noted, stories, whether true or not, are drivers of major decisions, especially economic choices.
Friedman Completed KeynesThe most famous and influential American economist of the past century died in November.
Milton Friedman was not the most famous and influential economist in the world -- that honor belongs to John Maynard Keynes.
Or it may be an explicit bias: an economist might write a report that is influenced by what a sponsor wants to hear, or give testimony that is purely mercenary.
The popularity of the tax (named for the late Nobel laureate economist James Tobin, for whom its aim was to reduce exchange-rate volatility in currency markets) reflects widespread animus directed at the financial sector, but it far exceeds any real benefits that the tax would deliver.
To see why, suppose that in 1930 an economist conducted an empirical study of what cured infectious diseases, and, analyzing masses of data from previous years, concluded that 98% of all treatable illnesses were cured by non-antibiotic medicines – “tradicines,” which include all traditional medicines of various schools.
But now suppose that the economist goes on to argue that, therefore, it would be silly to give patients penicillin, because we know that 98% of all treatable diseases were cured by tradicines, and penicillin is not a tradicine.
The economist William Easterly has argued that the best way to reform international development is to shift money from top-down “experts” to “bottom-up searchers – like Nobel Peace Prize winner and microcredit pioneer Muhammad Yunus – who keep experimenting until they find something that works for the poor on the ground.”
Moreover, as the economist Timothy Taylor recently pointed out, the rate of change of the occupational structure, defined as the absolute value of jobs added in growing occupations and jobs lost in declining occupations, has been slowing, not accelerating, since the 1980s.
In a recent commentary, Harvard University economist Dani Rodrik thoughtfully argues the latter.
The British economist Walter Bagehot replied at the time that there would probably be two competing world currencies, which he termed Latin and Teutonic.
One approach to ending the tragedy of the commons was devised some 50 years ago by the economist Ronald Coase.
According to the American economist Mancur Olson, these types of cooperation problems are easier to solve when there are as few decision-makers as possible.
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