Economic Theory
Latest Questions for Economic Theory (14)
In economics, can first principles replace the rational agent hypothesis?In my opinion, these two are fundamentally different things, so it's not about one replacing the other. They are more like two tools with different purposes in a toolbox.
Is a Financial Crisis a Form of 'Creative Destruction'?
This is an interesting question that we can look at from two perspectives. Simply put, a financial crisis shares characteristics of 'creative de...
Okay, this is a very interesting question. We can imagine the Jackson Hole Economic Symposium as a "martial arts tournament." Central bank governors are like the grandmasters of various sects, each wi...
Sure, here is the translation:
Alright, let's talk about this fascinating topic. To make it clear, we need to break it down step by step, almost like telling a story.
Ah, discussing Friedman feels like opening an "economics surprise box." Some things inside are genuinely worth applauding, while others simply make you shake your head.
Hey, this is a fascinating question because it ties together two "Friedmans" from different eras and fields. The tags include The World Is Flat (by Thomas Friedman) as well as "monetarism" and "econom...
Okay, let's discuss the core ideas from Thomas Friedman's The World is Flat, examining where they hold true today and where they seem a bit "don't fit too well" in our current world.
No problem, this is a fascinating topic. We can think of the relationship between these two books as two episodes of a story, both written by the same author (Thomas Friedman), both about globalizatio...
Hey, that's a great question. Friedman indeed places "imagination" on a remarkably high pedestal in The World Is Flat. To grasp this, we can use a "LEGO bricks" analogy.
Okay, no problem. Let's chat about this concept in plain language.
What Is "The Great Convergence"? — Talking Plainly About This Core Concept from The World Is Flat
Hi! The term "The Great Convergenc...
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