The whole intention of empirical economics is to force theory down to Earth. Download Download Share on Facebook Share on Twitter Rotate quotes earth economics empirical
In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level. George Akerlof aggregatebusinesscause share on social
I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics. George Akerlof bobfocusmacroeconomic Change image and share on social
Keynesian economics has always been needed. George Akerlof economicskeynesianneed Change image and share on social
I feel sorry for generations of Labour voters and supporters who must look and wonder what on earth has gone wrong and what Labour is for. Nicola Sturgeon earthfeelgeneration Change image and share on social
Morality arose largely as an empirical defence of the individual and society. Ever since intelligent beings began to be in contact, and consequently in friction, they have felt the need to guard themselves against each other's encroachments. Pierre Teilhard de Chardin arisebeginbeing share on social
I studied international relations and economics at the University of Virginia. I paid my way by working as a bartender in the summer and at three part-time jobs during the year. Jacqueline Novogratz bartendereconomicsinternational Change image and share on social
