In economics, the phrase used is 'Certeris Paribus' which means that all the other factors and things have been assumed to be constant. This is used...Become a member and unlock all Study Answers Start today. Try it now Create...
Charlie Munger:If you're an investment manager and you're going to get fired if you don't beat your benchmark, then you'lldo some strange things to make sure that doesn't happen. We are in a benchmarking world right now.You often get investors who are really closet indexers, in whi...
Other things equal, an increase in the number of "encouraged workers" will: a) create jobs. b) lower the participation rate. c) decrease the size of the labor force. d) increase the measured unemployment rate. One cause of compensating wage differential is: a. the effec...
Innovation comes from trying things at the edge. I have always been someone who wants to try things out, often by “breaking” rules or at least tradition – such as currently teaching a course at UiO and BI at the same time, mixing the students. The students love it (and have asked ...
[...] The ultimate question of human history [...] is not our equal access to material resources (land, calories, means of production), much though these things are obviously important, but our equal capacity to contribute to decisions about how to live together. Of course, to exercise ...
The way I got into being a China expert, I think, is different from a lot of other people that I know who do similar things. A lot of the people that I’ve met over the years who do the kind of thing that I do, they got into China-related careers because they had some kind ...
the other-things-equal A good is considered scarce in a society when: a. more output of the good is possible. b. everyone in that society cannot have all they want of the good. c. the government restricts the production of the good....
Ted, Excellent post, I agree with almost everything you said. I don’t know your background, but I believe that you know more monetary theory than 90% of America’s macroeconomists. I am blessed with many other highly knowledgeable commenters who seem to know things the economic establishmen...
A systems approach to creating change is also built on the assumption that everyone in the system has equal power and status.But the food system is not an equal one.There have been calls for a World Food and Nutrition Organization,so that legally binding policies can be appli...
Two things I’ll say about Cortney Casey that will defy challenge by any rational mortal: First, she has a smile of such ebullient candor that it lights up an already well-lit tasting room, and second, she knows how to pour wine for a critic. For the most part, a key component of ...