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Economists in sentence

2720 examples of Economists in a sentence

Economists describe regional integration as a tradeoff between economies of scale and the diversity of preferences.
Such arguments are still heard – but, increasingly, only from those employed by global megabanks, including their lawyers, consultants, and docile economists.
Indeed, studies carried out by economists, including me, have shown that competition among local governments made a major contribution to the rapid industrialization that China experienced in the 1990s.
What Good Are Economists?
The failure of all but a few professional economists to forecast the episode – the aftereffects of which still linger – has led many to question whether the economics profession contributes anything significant to society.
Indeed, economists failed to forecast most of the major crises in the last century, including the severe 1920-21 slump, the 1980-82 back-to-back recessions, and the worst of them all, the Great Depression after the 1929 stock-market crash.
In searching news archives for the year before the start of these recessions, I found virtually no warning from economists of a severe crisis ahead.
Nonetheless, whenever a crisis loomed in the last century, the broad consensus among economists was that it did not.
But his rather technical discussion (which focused on monetary economics and the gold standard) forged no new consensus among economists, and the news media reported no clear sense of alarm.
Interestingly, contemporary news accounts reveal little evidence of public anger at economists after disaster struck in 1929.
Why has it – unlike previous forecasting failures – stoked so much mistrust of economists?
One reason may be the perception that many economists were smugly promoting the “efficient markets hypothesis” – a view that seemed to rule out a collapse in asset prices.
Likewise, most economists devote their efforts to issues far removed from establishing a consensus outlook for the stock market or the unemployment rate.
In his new book Trillion Dollar Economists, Robert Litan of the Brookings Institution argues that the economics profession has “created trillions of dollars of income and wealth for the United States and the rest of the world.”
A cynic might ask, “If economists are so smart, why aren’t they the richest people around?”
Just because most economists are not rich does not mean that they have not made many people richer.
Yes, most economists fail to predict financial crises – just as doctors fail to predict disease.
Many economists outside of China have argued that the December depreciation resulted from betting by investors that Chinese policymakers, facing the prospect of a hard landing for the economy, would slow or halt currency appreciation.
Even if Trump had no economists advising him, he would have to realize that what matters is the multilateral trade deficit, not bilateral trade deficits with any one country.
Economists Jeffrey Frankel and David Romer have confirmed that individual countries that have freer trade have higher economic growth, and that this is not just reverse causality from growth to freer trade.
Even if one accepts the claim of the Harvard economists Carmen Reinhart and Kenneth Rogoff that very high public debt levels mean lower growth – a view that they never really established and that has subsequently been discredited – Australia is nowhere near that threshold.
Reassessing the Internet of ThingsSAN FRANCISCO – Nearly 30 years ago, the economists Robert Solow and Stephen Roach caused a stir when they pointed out that, for all the billions of dollars being invested in information technology, there was no evidence of a payoff in productivity.
By the late 1990s, the economists Erik Brynjolfsson and Lorin Hitt had disproved the productivity paradox, uncovering problems in the way service-sector productivity was measured and, more important, noting that there was generally a long lag between technology investments and productivity gains.
This year, the Copenhagen Consensus Center commissioned research from top climate economists examining feasible ways to respond to global warming.
The Center convened an expert panel of five of the world’s leading economists, including three Nobel Prize winners, to consider all of the new research and identify the best – and worst – options.
In lieu of convincing official figures, some economists have taken matters into their own hands, using data from the urban household survey (UHS) to estimate the real unemployment rate.
Most economists would assume that declining unemployment amid falling GDP growth is related to a decline in labor-force participation.
But, in order to assess China’s financial risk accurately, policymakers and economists must consider the risks that lie in the country’s asset structure – and the liabilities that are not included on its balance sheet.
Other economists continue to fret that in Europe, if not in America, the benign disinflation of recent decades could yet turn into malign deflation.
That is the question that I posed to a panel of five top economists, including four Nobel laureates, in the Copenhagen Consensus 2012 project.
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