Assumptions make complex economic processes simple. For example, suppose we have to understand the complex process of international trade. Economists can assume a scenario with just two countries. Furthermore, they may assume that each country specializes in just one product. Thus each country exports...
What do Keynesians mean when they say that the economy is inherently unstable? Economists believe that markets generally are "efficient." What does this mean and why do they believe it? Use Consumer Surplus, Producer Surplus, and Total Consumer Surplus to fully answer this que ...
Loathing, because I generally believe that ungrounded discussions of methodology are not useful. I don't ... I Ayres - 《Wis.l.rev》 被引量: 4发表: 1997年 The Technology, the System and the Poor: The Case of the New Cereal Varieties Until recently, like most economists, I was too ...
The straitjacket that economists work with has prevented them from addressing some questions and has also consequently prevented them from being interested in concentrating on climate change research more generally. Indeed, many of the people who nowadays work on the IAMs are not trained economists or...
Economists generally believe that specialization in different productive tasks can increase productivity and so output. True False Economics involves the study of how individuals deal with scarcity. a. True. b. False. When a firm is making zero econom...
Reluctantly, they conceded that real capital was merely a “parable”. Like the ever elusive God, you can speak about it, but, generally, you cannot quantify it. This Cambridge Controversy, as it later came to be known, has since been buried and forgotten. The textbooks don’t mention it...
In cross-disciplinary work it is generally advised that data points and observations should roughly cohere with the state of knowledge in the other disciplines. Economists do themselves a disservice if the only criteria they consider for 'robustness' of historical arguments are those pertaining to ...
[noun] Opinion profoundly at odds with what is generally accepted[名词] 大幅背离普遍观念的想法dissent, dissidence, blasphemyPut differently, Mr Weinzierl contends that economists should take moral concerns more seriously. That is something close to professional heresy.换句话说,维兹尔主张经济学家更重视...
will insure that my views will not be taken seriously. Actually, I have no problem with dropping the term art; labels are unimportant. I mention the reaction my treatment provokes because it helps explain the perverse nature of economists' disagreement; our disagreements are generally in matt...
For our purposes, the parameters of interest are typically , although we generally need to identify as well so that we can separate them from . It is no trouble to add other observables to these equations, e.g., in optimal control theory, there is usually an observed “input”, call it...