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Economists in sentence

2720 examples of Economists in a sentence

It is good that economists no longer regard the equality-efficiency tradeoff as an iron law.
While trade friction has long been an issue in the Sino-American relationship, few expected such an escalation, not least because economists widely view trade wars as damaging to all parties.
On the demand side, many economists endorse a shift from investment-led to consumption-driven growth.
It was not long before some Chinese economists began to categorize the growth pattern brought about three decades ago by Deng Xiaoping’s reforms as “extensive” – and thus problematic.
Among economists there is a strong feeling that the world economy is bouncing back from deep recession, and that the current crisis, although severe, is an aberration.
According to economists, “rational ignorance” comes into play when the cost of gaining enough understanding of an issue to make an informed decision relating to it outweighs the benefit that one could reasonably expect from doing so.
Getting Governance RightCAMBRIDGE – Economists used to tell governments to fix their policies.
Economists and aid agencies would be more useful if they turned their attention to what one might call “governance writ small.”
Macroeconomic policy is an area in which economists have done a lot of thinking about institutional prerequisites.
That is a pity, because economists’ understanding of the substantive issues, professional obsession with incentives, and attention to unanticipated consequences give them a natural advantage in designing institutional arrangements to further the objectives in question while minimizing behavioral distortions.
And, sure enough, in most of what we economists write – and, more important, in what we teach in business schools – it is hard to tell the difference between being pro-market and being pro-business.
While gloomier economists like Mancur Olson surmised that only revolution or war could dissolve the rigidities of the status quo, Ronald Reagan and Margaret Thatcher remembered Friedman's worldview, along with that of Hayek and others.
By contrast, trained economists view their discipline as having already achieved this scientific standard.
He and other trade economists had played a big part in selling the agreement to the American public.
In the language of economists, centrist politicians face a problem of asymmetric information.
This is what economists call a pooling equilibrium.
The unemployment rate remains about two percentage points higher than what most economists consider consistent with a full recovery, and the labor-force participation rate is hovering near historic lows.
The Manufacturing FallacyNEW YORK – Economists long ago put to rest the error that Adam Smith made when he argued that manufacturing should be given primacy in a country’s economy.
My think tank, the Copenhagen Consensus, has asked 60 teams of economists, including several Nobel laureates, to investigate which targets would do the most good for every dollar spent, to help this meeting make the best choices.
Given such massive, unexpected shifts, you might be even more surprised by what didn’t change: the way economists think about themselves and their discipline.
RePEc (Research Papers in Economics) arguably provides the closest thing to a credible hierarchy of economists, not unlike the ATP’s rankings of professional tennis players.
Because the ranking is updated every month, RePEc enables one to track which economists are viewed by their peers as the most influential over time.
Among the top ten economists in September 2015, six were already there in December 2006, and another two were ranked 11 and 13.
For example, of the top 100 economists in September 2015, only 14 were absent from the much wider top 5% in 2006, and only two others had advanced more than 200 spots over the previous decade.
The rate of renewal among the 200 most influential economists was as low as 25% – and just 16% among the top 100 – during a decade in which the explanatory power of prevailing economic theory had been found severely wanting.
What is remarkable about this is the difference between the pace of change in the ranking of economists and in the economy itself.
Entry barriers among the world’s ten richest people and ten most valuable companies seem to be far lower than among the top ten economists.
In the rankings of economists, by contrast, criteria such as gender or geographic origin confirm the overall inertia.
Likewise, emerging countries – which represent more than 90% of the world’s population, three-quarters of global GDP growth over the last decade, and nearly half of total income in current dollar terms – supplied just 11 of the top 200 economists in September 2015, up from ten in December 2006.
But replace the names of the leading economists with products in any other market – cars, for example, or semi-conductors – and most people probably would agree that the RePEc ranking looks like a closed, inefficient market with high entry barriers.
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