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Economists in sentence

2720 examples of Economists in a sentence

Economists’ New World OrderMost academic economics rely on concepts laid down at the beginning of the twentieth century by the British economist Alfred Marshall, who said that “nature does not make leaps.”
Yet we economists find ourselves increasingly disturbed by the apparent inadequacy of the neo-Marshallian toolkit that we have built to explain our world.
Marshall’s economics has had a marvelous run, and has helped economists make sense of the world.
It has been generations since economists Robert Solow and Moses Abramovitz pointed out that Marshall’s toolkit is a poor aid for understanding modern economic growth.
The real sources of growth are not to be found in supplies and demands and the allocation of scarce resources to alternative uses, but in technological and organizational change – about which economists have too little to say.
Economists are now awakening to the realization that the most interesting questions they face were always beyond the reach of Marshall’s toolkit.
For at least two decades, most investors accepted the consensus among economists and political scientists that the world was getting smaller and more integrated.
Economists inevitably generalize from the current situation, so that today’s Chinese and German current-account surpluses and America’s deficit, for example, are seen as being here to stay.
The financial crisis has created a sharp fall in demand, what economists call a “Keynesian recession.”
Since the 1950’s, developmental economists have understood that growth in GNP is not synonymous with increased welfare.
In fact, hardline German economists have already responded to Italy’s political crisis by circulating petitions to block any eurozone reform that could be regarded as a concession.
Indeed, economists supported the global movement toward central-bank independence precisely because it seemed that central bankers would be less inclined to try to stimulate the economy for short-term gain.
The measures that India should take to get its economic narrative back on track are the stuff of heated debate among economists and pundits.
The model, formalizing a central insight of Adam Smith’s The Wealth of Nations, embodies the beauty, simplicity, and lack of realism of the two fundamental theorems of competitive equilibrium, in contrast to the messiness and complexity of modifications made by economists in an effort to capture better the way the world actually functions.
China’s Pursuit of a New Economic OrderSHANGHAI – Economists are increasingly divided over China’s economic future.
But the forces driving this convergence have little to do with what generations of economists envisaged when they pointed out the inadequacy of the old order; and these forces’ implications may be equally unsettling.
The lawyers probably have more influence than the economists in this regard.
And yet most economists, even those who were never keen on EMU in the first place, have been reluctant to make the argument that the time has come to abandon a failed experiment.
That is why economists of all stripes, whether or not they supported the introduction of the common currency, have spent the last five years developing and promoting a package of institutional reforms and policy changes that would make the eurozone less dysfunctional.
Unfortunately, economists have not argued strongly for a proper fiscal union.
As for economists like me, who have balked at advocating an end to the failed euro experiment and favored reform, perhaps it is time to admit defeat and move on.
Although economists and commentators have tended to view austerity in the United States and Europe through the same lens, conditions in the world’s two largest economic areas are very different.
Many economists believe that a major reason for the quetzal’s strength against the dollar in recent years has been the amount of drug money laundered through the Guatemalan financial system.
Some economists have begun to argue that central banks need not be so wary of intervening.
A good place for the authorities to start would be to establish a commission of economists to produce a more realistic and believable set of historical GNP figures, paving the way for more believable GNP figures going forward.
Unfortunately, contemporary economic theory, with its presumption of perfect price discovery in asset markets, has discouraged economists and policymakers from paying any attention to the role of asset-price swings in managing systemic risk.
Then a group of Latin American economists educated in American universities began to suggest an entirely different development strategy.
But economists debate the extent to which these conditions reflect a cyclical demand shortfall or more structural problems that a monetary stimulus cannot remedy.
A recent study by a team of Fed economists concluded that nearly all of the current decline in the labor-force participation rate reflects the aging of the population and other structural causes.
All economists who accept the scientific reality of climate change support policy interventions to address “externalities” – costs that polluters impose on others but do not pay.
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