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Economists in sentence

2720 examples of Economists in a sentence

A few geniuses aside, economists frame their assumptions to suit existing states of affairs, and then invest them with an aura of permanent truth.
Meanwhile, few economists or policymakers had the background needed to tackle the complex tasks ahead.
MILAN – Economists concern themselves not only with addressing difficult questions thoughtfully, but also with formulating the questions themselves.
Economists trying to explain the apparent structural slowdown in productivity growth have been asking the following question: Where is the missing increase?
There is, however, a tendency among economists and policymakers to overemphasize such market-related measures of performance, while overlooking the reason why that performance matters: human wellbeing.
This has now come to pass in what the MIT economists Erik Brynjolfsson and Andrew McAfee call The Second Machine Age.
The classical economists of the nineteenth century looked forward to what they called a “stationary state,” when, in the words of John Stuart Mill, the life of “struggling to get on…trampling, crushing, elbowing, and treading on each other’s heels” would no longer be needed.
Imported technologies are cheap if you convert their prices into barrels of oil, so the country produces a shortage of its own geologists and chemists, not to mention economists and lawyers.
In 2001, three financial economists – Paul Gompers, Joy Ishii, and Andrew Metrick – identified a governance-based investment strategy that would have yielded superior stock-market returns during the 1990’s.
But the link between hours of work and market prices is almost non-existent in practice, which is why economists needed a different explanation for market prices.
Economists today say that prices (including wages and salaries) are determined by consumer demand.
Market prices, economists insist, do not measure moral worth but market worth.
She pointed out that no reputable economists today regard a simple monetary-policy rule as a magic bullet for avoiding depressions and inflationary spirals, whereas many once did.
The time is ripe for political leaders and civil-society groups to demand that economists consider climate change and wider aspects of well-being, alongside growth and financial stability.
As MIT’s Daron Acemoglu wrote of economists after the 2008 financial crisis in the United States, “we let policies and rhetoric set the agenda for our thinking about the world and, worse, perhaps, even for our policy advice.”
Both economists acknowledge that leadership must come not from politicians or the academy, but from the broader public.
Labor economists have discerned some trends that may reinforce their fears, but that don’t support the conclusions that students tend to draw.
In their recent book The New Division of Labor: How Computers Are Creating the Next Job Market, economists Frank Levy and Richard Murnane, using job descriptions that go back to 1960, carefully classify jobs according to the kinds of cognitive skills that they require.
And here, unfortunately, economists do not agree.
Some economists, led by Northwestern’s Robert Gordon, argue that, stock market valuations notwithstanding, all the great inventions have been made.
Economists have recently identified a fundamental reason in a phenomenon that remains pervasive: the gap in autonomy (or bargaining power) between women and men.
Yet Germany and Greece’s other creditors continue to demand that the country sign on to a program that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.
Women And The Postcommunist TransitionBUDAPEST / VIENNA: Economists are often unconcerned about the social context of their work.
But, as leading economists and institutions such as the International Monetary Fund and the World Economic Forum are coming to realize, income inequality is a serious problem for economic stability and growth, too.
As many economists, notably Jeffrey Frankel, have shown, prices on these markets are established by an auction-like process; as a result, commodity markets transmit the effects of monetary expansion particularly quickly.
Europe’s Economic GroupthinkFRANKFURT – During the recent hearing on the constitutionality of the European Central Bank’s measures to prevent the eurozone from falling apart, Andreas Vosskuhle, President of Germany’s Constitutional Court, raised an important question: Do non-German economists condemn the ECB’s outright monetary transactions (OMT) as unequivocally as all but one of the German experts testifying?
Of course, there are German economists (not to mention Chancellor Angela Merkel’s government) who support ECB President Mario Draghi’s policies.
Still, an overwhelming majority of German (and possibly Dutch and Finnish) economists seem to favor keeping the ECB on the sidelines in the eurozone crisis.
Most economists promoted government provision of public goods; some even championed “equity before growth” strategies, which maintained that redistribution could lay the groundwork for growth that benefited the poor.
To be sure, even then, some conservative economists argued that growing economies could produce inequality for a time, but eventually greater equality would prevail.
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