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on average, a 15% return. But it is less clear whether the growing investment in tertiary education makes sense for society as a whole. If graduates earn more than non-graduates because their studies have made them more productive, then university education...
An economist, Adam Smith, famously wrote that "it is not from the benevolence (慈善) of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self-interest." Like Smith, many economists today believe one's self-interest is what drives compe...
An economist, Adam Smith, famously wrote that "it is not from the benevolence(慈善) of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self-interest." Like Smith, many economists today believe that one's self-interest is what drives ...
37、. (Translation)l dead soul: is humorously used here to refer to economistl 很多研究用运未来收入, 因为这是那些被称为经济学家的老家伙们最青睐的计算标准。l *But knowing the cost-benefit ratio of a purchase is not the same as knowing it value. (Translation)l 但是,知道一件所购之物的...
It has dotted our roadsides with junkyards, filled our air with smoke, and poisoned our food with dangerous chemicals. The question is whether the outpouring of frozen foods, talking dolls, radios, and headache remedies is worth its high cost to society. As one well-known economist put it:...
The 2006 review of the worthwhileness of environmental investments by British economist Lord Nicholas Herbert Stern is mentioned, noting that other economists have questioned Lord Stern's usage of a near-zero discount rate in his calculation of the benefits of such investment....
But by spreading the cost, the construction was worth it for each. Such decisions were momentous. They represent some of the earliest examples of governments providing infrastructure in return for taxes, and thus the genesis of the earliest states. ...
An economist is an expert who studies the relationship between a society's resources and its production or output, using a number of indicators to predict future trends.