Theory
in sentence
2204 examples of Theory in a sentence
Realism has thankfully trumped
theory.
In theory, negative rates, by forcing commercial banks essentially to pay the central bank to be able to park their money, should spur increased lending to companies, which would then spend more, including on hiring more employees.
But
theory
does not always translate into practice; while the BOJ’s introduction of negative rates almost immediately pushed the interest-rate structure lower, as expected, the policy’s effects on the yen and the stock market have been an unpleasant surprise.
There are obvious limits to this
theory.
Unfortunately, this behavioral
theory
of stock market movements is not amenable to easy quantification and forecasting.
It is basically a tissue of propaganda, with little support in
theory
and destructive effects in practice.
And I have provided an internally coherent
theory
whereby secular stagnation arises naturally as a consequence of low expectations on the part of households and firms about the future value of their assets.
This
theory
integrates Keynesian economics with general equilibrium
theory
in a new way.
But when I pointed out that the
theory
does not unequivocally support fiscal expansion as the appropriate response to a recession, he became disinterested in my work.
Nor was it a credible explanation for Keynes, who asserted that his
theory
did not rely on the assumption of rigid wages.
While economic
theory
and the evidence underlying these precepts developed over the last quarter century, they remain disputed.
Economic
theory
is not sufficiently developed to predict major turning points based on first principles or mathematical models.
There seems to be the germ of a new economic
theory
in the work of the Reinharts and Rogoff, but it remains ill defined.
But it is still not so sharp a
theory
that we can really rely on it for making confident forecasts.
As for labor mobility, practice has yet to catch up with
theory.
The Globalization DisconnectNEW HAVEN – While seemingly elegant in theory, globalization suffers in practice.
Truth be known, there is no rigorous
theory
of globalization.
The Nobel laureate Paul Samuelson, who led the way in translating Ricardian foundations into modern economics, reached a similar conclusion late in his life, when he pointed out how a disruptive low-wage technology imitator like China could turn the
theory
of comparative advantage inside out.
Nor is it just a problem with an antiquated
theory.
In fixating on an antiquated theory, they have all but ignored the here and now of a mounting worker backlash.
In theory, the People’s Bank of China can sterilize any amount of money supply caused by foreign-capital inflows simply by issuing the requisite amount of bonds.
Democracy’s Burning ShipsCHICAGO – Since the late 1970’s, the academic diffusion of game
theory
has led macroeconomists to emphasize the importance of “commitment,” a strategy that aims to enhance long-term economic outcomes by restricting policymakers’ discretion.
Asians, according to this theory, have their own values, which include thrift, deference to authority, the sacrifice of individual to collective interests, and the belief that countries should not stick their noses into others’ affairs.
Now we need to put
theory
into practice by moving sustainable development into mainstream economics and making clear the costs of action – and inaction – today and in the future.
A fundamental principle of financial
theory
– “diversification” or “risk spreading” – implies that interest in the new contracts will be high.
It is easy to see how this
theory
can be applied to personal relations.
Europeans might rethink some of their current dilemmas in the light of Hirschman’s
theory.
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.
In theory, workers can adapt to these changes by seeking employment in occupations that include non-routine tasks, which cannot be computerized or robotized (at least not in the foreseeable future).
According to this view, those who favor austerity must be obsessed with the theory, given the availability of a kinder, gentler alternative.
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