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Economists in sentence

2720 examples of Economists in a sentence

Trump’s vice-presidential choice, Mike Pence, is an establishment GOP politician, and his campaign’s economic advisers were wealthy businessmen, financiers, real-estate developers, and supply-side economists.
Economists have long understood that, in the absence of a credible lender of last resort, banks are vulnerable to self-fulfilling confidence crises.
NEW HAVEN – Much of the talk emerging from the August 2010 Jackson Hole Economic Symposium, attended by many of the world’s central bankers and economists, has been about a paper presented there that gave a dire long-runassessment of the future of the world’s economies.
The paper, “After the Fall,” was written by economists Carmen Reinhart and Vincent Reinhart.
Most economists study the recent history of their own country, which is easiest to do, and their results sound superficially important to most of their countrymen.
I hate to say so, not wanting to commit the sin defined by their “syndrome,” but this time might be different because all of the modern examples of past crises came during a time when many economists worldwide were extolling the virtues of the “rational expectations” model of the economy.
Throughout the 1990s, the American Petroleum Institute (API) – the largest oil and gas trade association and lobbying group in the US – repeatedly relied on economic models created by two economists, Paul Bernstein and W. David Montgomery, to argue that pro-climate policies would be devastatingly expensive.
Economists versus the EconomyLONDON – Let’s be honest: no one knows what is happening in the world economy today.
This was exactly the question Queen Elizabeth of Britain asked a group of economists in 2008.
But some economists supported a dissenting – and much more damning – verdict, one that focused on the failure of economics education.
Economists claim to make precise what is vague, and are convinced that economics is superior to all other disciplines, because the objectivity of money enables it to measure historical forces exactly, rather than approximately.
Not surprisingly, economists’ favored image of the economy is that of a machine.
One can understand why economists trained in this way were seduced by financial models that implied that banks had virtually eliminated risk.
Good economists have always understood that this method has severe limitations.
He chose to leave the mathematical formalization to others, because he wanted his readers (fellow economists, not the general public) to catch the “intuition” of what he was saying.
Joseph Schumpeter and Friedrich Hayek, the two most famous Austrian economists of the last century, also attacked the view of the economy as a machine.
What unites the great economists, and many other good ones, is a broad education and outlook.
Today’s professional economists, by contrast, have studied almost nothing but economics.
The economists are the idiots savants of our time.
As the US current-account deficit rose over the past half-decade, international economists have lined up to predict doom: returns on assets invested in the US are relatively low, so at some point - probably all at once - holders of dollar-denominated securities will realize that the risk of suffering a major crash in value is not being adequately compensated.
The late Rudiger Dornbusch - who used to write this column - used to say that unsustainable situations lasted longer than economists who believed in market rationality and equilibrium could imagine possible.
The best that economists can offer is David Ricardo’s early nineteenth-century framework: if a country simply produces in accordance with its comparative advantage (in terms of resource endowments and workers’ skills), presto, it will gain through increased cross-border trade.
That is why some economists believe that China should take much bolder steps toward allowing the renminbi’s exchange rate to strengthen.
Economists on both sides of the Atlantic are now discussing not just whether the euro will survive, but how to ensure that its demise causes the least turmoil possible.
Perhaps not by financiers and economists, but others who were watching how markets were developing – often with dismay – were more than worried.
Back then, I was already venturing what is, for economists, a heretical presumption: that chaos theory should be applied to the economy; that devastating effects can follow from the smallest causes.
Indeed, only a few economists – such as the 2001 Nobel economics laureate Joseph Stiglitz and the 2008 laureate Paul Krugman – warned against fatal developments that were mounting in the now globalized economy.
They regard economists and other experts as isolated from and indifferent to the concerns of ordinary people; driven by an agenda that does not coincide with that of citizens; often blatantly wrong, and therefore incompetent; biased in favor of, or simply captured by, big business and the financial industry; and naive – failing to see that politicians select analyses that suit their ends and disregard the rest.
Economists have never been fond of the WTO’s antidumping rules.
However, as things stand, most independent economists expect 7-7.5% annual GDP in 2013-2017, while the International Monetary Fund forecasts a more optimistic 8.2-8.5% rate during this period.
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