Economist
in sentence
1214 examples of Economist in a sentence
As the American
economist
Paul Samuelson famously quipped, “The stock market has called nine of the last five recessions.”
One promising attempt to correct this imbalance is the proposal for a Health Impact Fund that Thomas Pogge, director of the Global Justice Program at Yale, and Aidan Hollis, an
economist
at the University of Calgary, launched seven years ago.
In most, if not all, of these cases, we see examples of a broader phenomenon: what might be called governing by inertia – a “can't, won't, and shouldn't" mentality, to paraphrase the
economist
Mark Blyth, that blocks effective policymaking.
In fact, a tax on foreign-exchange transactions – the so-called “Tobin tax,” advocated by the late Nobel laureate
economist
James Tobin – might be the simplest way to go.
Many economists describe the current situation as a “second Solow moment,” referring to legendary MIT
economist
Robert Solow’s famous 1987 remark: “You can see the computer age everywhere but in the productivity statistics.”
This problem was highlighted as far back as the 1960’s by the Belgian
economist
Robert Triffin, and, more recently, by the late Italian
economist
Tommaso Padoa-Schioppa.
In a report by the
Economist
Intelligence Unit (EIU), 66% of executives surveyed were dissatisfied with the skill level of young employees, and 52% said a skills gap was an obstacle to their firm’s performance.
John Maynard Keynes wrote that “practical men who believe themselves to be quite immune from intellectual influences are usually the slaves of some defunct economist.”
In his book Making Globalization Work, the Nobel laureate
economist
Joseph Stiglitz points out that the United States would not be at the forefront of the global cotton industry were it not for government subsidies.
The
economist
responds that the more efficient you are at your work, the more time you will have for those other things.
I’m an impractical bookish Harvard-trained empirical labor economist, while Betsey is an impractical and bookish Harvard-trained empirical labor
economist.
The
economist
Dani Rodrik recently suggested that governments should fund themselves from the dividends earned by investing in public venture funds, thus socializing the gains from innovation.
The
economist
Robert Gordon has also argued that the world is low on economically productive ideas.
At the end of 2008, when the scale of the impending economic destruction was not yet apparent, Olivier Blanchard, the International Monetary Fund’s chief economist, boldly called for a global fiscal stimulus, stating that, in these “not normal times,” the IMF’s usual advice – fiscal retrenchment and public-debt reduction – did not apply.
In his book Golden Fetters, the
economist
Barry Eichengreen argued that the lack of coordinated action dragged out the global recovery process.
She also misinterpreted the great
economist
Paul Samuelson as a protectionist, when he said nothing of the kind.
In the 1950’s, the French economist, Alfred Sauvy had a comparable success with the expression “third world.”
The
economist
Joseph Schumpeter defined this process as one of “creative destruction.”
The
economist
Nouriel Roubini has predicted that China’s economy will most likely slow sometime between 2013 and 2015, the point at which its fixed-asset investments of nearly 50% of GDP will demand social and monetary returns.
A gray bureaucrat and a mediocre economist, he was not even Germany's first choice for the post.
Former Mexican President Ernesto Zedillo, a respected
economist
and currently the Director of Yale's Center for Globalization, is an excellent candidate for the IMF post.
In 1973, the development
economist
Albert Hirschman likened Latin America’s struggles with inequality to drivers stuck in a traffic jam.
Stephen Roach has suggested that in the post-crisis global economy “relapse is the rule”;
economist
Brad DeLong, speaking of the “consequences of our lesser depression,” argues that the pretense of a eurozone recovery has collapsed; and European Central Bank President Mario Draghi has acknowledged the need not only for structural reform, but also fiscal expansion to boost aggregate demand.
Spotting this reversal, the Nobel laureate
economist
Michael Spence has argued that the world is poised for The Next Convergence.
This matters because, as the great
economist
Arthur Okun argued, reducing unemployment by two percentage points would increase output by 2%-6%, or $0.5-1.5 trillion dollars in the case of America.
In 1987, the
economist
C. Fred Bergsten was among the first to point out that global imbalances had begun to climb toward uncharted territory.
The American
economist
Clarence Ayres once wrote, as if describing EU officials: “They pay reality the compliment of imputing it to ceremonial status, but they do so for the purpose of validating status, not that of achieving technological efficiency.”
In a recent book, Capital in the Twenty-First Century, the
economist
Thomas Piketty highlights the phenomenon of “meritocratic extremism” – the culmination of a century-long passage from the old inequality, characterized by inherited wealth and discreet lifestyles, to the new inequality, with its outsize bonuses and conspicuous consumption.
The current conventional wisdom, most strongly advocated by the American
economist
Robert Gordon, is that the burst of productivity growth that the US is currently experiencing (and that will turn into a full-fledged economic boom whenever demand growth becomes rapid enough) is due to synergy.
Finally, the eurozone should adopt a two-track euro with a fluctuating exchange rate – an idea championed by the American
economist
Allan Meltzer.
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