a. if thebenefit of an activity increases, people will engage in more of that activity.b. once individuals have made a mistake, they will never make the same mistake again.c. individuals act very quickly when f
While the significance of short-term changes in business investment is less widely recognized, the importance of such changes for the business cycle has been known to economists since the beginning of the last century. For example, many believe that the current record expansion has been driven, ...
Answer to: Economists say that when an activity provides a positive externality to the community, the market does not produce enough of that...
What are the economic consequences of the existence of a linear demand curve? How can we have a free-market when a complex list of realities collide to form the global economic and political power of the A Class? When economists speak of "marginal," they mean a. opportunity. b. scarcity...
Not every stock market crash prediction is wrong, but a lot of them are — and the only way to conclusively identify a crash is after it happens. It's good to have a healthy skepticism of influencers, self-styled experts, or even well-credentialed economists who take to the internet to...
to influence banks’ behaviour (or help them make the ‘right’ decision as The Economist of yesteryear would put it) and micromanage various economic parameters, in order to finally achieve the ‘stable’ and ‘sustainable’ society their mathematical models (or political visions) describe. ...
What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late 2000s. The very term already attests to the presumed nature...
Microeconomists have realized that rational supply and demand forces alone do not set transaction prices and volumes deterministically in such markets, as they do in all other vertical market structures. Rather, the terms of transactions, especially price, are determined by the balance of po...
doi:10.4337/EJEEP.2014.01.01Michael HudsonEdward Elgar Publishing Ltd
It is also the reason why when we try to describe music with words, all we can do is articulate our reactions to it, and not grasp music itself. 出自-2014年考研翻译原文 The resulting settlement maps show how the distribution and density of the rural population around the city changed drama...