Subsequent economists have tried to make sense of Say's law in the following way. 后来的经济学家试图用下面这种方式理解萨伊定律。 Imagine an economy that consists only of shoes and hats. 假设一个经济体,它仅由鞋子和帽
Mr Phelps began writing groundbreaking models of the labour market in 1966. 1966年,菲尔普斯开始构建开创性的劳动力市场模型。 A year later, Friedman gave what became the canonical criticism of the old way of thinking in an addres
Finance and Economics 财经 Payments: Acquirer acquired 支付:收购者被收购 An American payments firm goes online and buys British. 一家美国支付公司在线购买英国货。 A Bidding war was briefly but eagerly anticipated. In the en
Greece's third bail-out programme came to an end on August 20th. 希腊第三次救市计划于8月20日结束。 A look at the causes of the country's near-decade of crisis illustrates how external imbalances can reflect underlying troubles. 希腊近
If a girl in a poor country goes to school, she will probably have a more comfortable life than if she stays at home. 如果欠发达国家的女孩去上学,那么相比待在家中,她的未来或许更加轻松。 She will be less likely to ma
For Safeena Husain, who runs Educate Girls, the process was as satisfying as the results. 对于女孩教育行动的创始人Safeena Husain而言,该项目的进程和结果一样令人满意。 Instead of having to send tedious reports to a donor
Vijay Bhaskar of Mlinda says a big mistake in development has been to assume that, Mlinda公司的Vijay Bhaskar表示发展中的一个大问题是假设 once people are hooked up to electricity, businesses will automatically flourish. 一旦人们通上
When Donald Trump tweeted on August 5th that tariffs were working big time, American media sprang into action to test the claim. 8月5日,唐纳德特朗普在推特上说,关税颇有成效,美国媒体蓄势待发,他们想要检验这种说法
The asymmetry in the trade war is another uncomfortable fact. 这场贸易战中的不对称是另一个让人不安的事实。 Since America buys far more from China than vice versa, America has more scope to impose tariffs. 由于美国从中国进口
Officials could opt to abandon their tightening stance in order to counteract the trade turmoil. But that might erase the gains from the deleveraging. 官方可以选择放弃他们紧缩的立场以求缓和贸易混乱。但这么做会抹去来自于
Current-account imbalances are not always a cause for concern. 经常账户失衡并不总是一件令人担忧的事。 As a matter of arithmetic, they measure the gap between domestic savings and investment. 基于数理逻辑,他们对国内储蓄
The current-account deficits in the euro zone's crisis countries were of the worrying kind. That they have shrunk or reversed is comforting. 欧元区危机国家的经常账户赤字是属于让人担心的那一种。他们的赤字已有收缩,趋
Still, this uneven adjustment in the euro area could explain why both demand and inflation, 欧元区内的这种不均匀调整还能够解释,为什么一旦能源和食物价格被排除在外, once energy and food prices are excluded, have be
They make an intriguing posse: about 160 scouts in jeans and muddy boots, 他们组编了一支有趣的民兵队伍:约有160位童军,他们穿着工装裤和泥糊糊的靴子 jumping out of cars with ropes in hand, plunging deep into corn (ma
In the background lurks climate change, fears of which have grown with the heat and drought battering Europe's wheat crop this summer. 在此背景下还潜伏着气候变化、以及今年夏天欧洲小麦作物遭遇高温干旱打击的恐惧。
Progress in talks on the North American Free-Trade Agreement would also be good news. 北美自由贸易协定谈话中所取得的进展也是好消息。 But BHP, the world's biggest miner, issued a blunt assessment of the longer-term dangers to it
It costs more to send a 40-foot container by road from Bogot, Colombia's capital, 通过陆路将一个40英尺的集装箱从哥伦比亚首都波哥大 to Buenaventura on its Pacific coast than to ship it on from Buenaventura to Shanghai. 运往太平
A forested village in Jharkhand state, eastern India, Narotoli is home mainly to adherents of Sarna, a nature-worshipping tribal religion. Narotoli,位于印度东部尔克汗邦的一个草木丛生的村庄,这里居住的大部分都是萨尔纳
Regrettably, clumping leads to crowding: the more people an area houses, the greater the competition for its scarce resources, 遗憾的是,聚集带来了拥堵:一个区域住了越多的人,稀缺资源的竞争越激烈, from seats at a h
But reductions in traffic will make living in currently congested areas more attractive and hence more populous. 但是,交通拥堵的缓解将使现有拥堵的区域更有吸引力,因此人口会更加密集。 Miles travelled per person migh
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