The Getting of Macroeconomic Wisdom
نویسنده
چکیده
A more poetic description of the process might be the current title. As the proverb says it is wisdom that we want and much of what we do is aimed at acquiring it. On reflection, the acquisition of wisdom is a two stage process. In the first stage ideas are accumulated and explored; in the second those ideas that have withstood the “experience test” are retained and recounted to others as insights. Macroeconometric modelling involves the same dichotomy and it was one that was fruitfully exploited by the Cowles Commission
منابع مشابه
Capital Democratization
Although principles underlying binary economics were first published in 1958 (Kelso and Adler), the many books and papers that discuss the subject, with the exception of Kane (2000) and Kurland (2001), do not utilize conventional economics language. To facilitate the teaching of binary economics in beginning and intermediate college courses in economics and business, the paper explains some maj...
متن کاملWisdom Tooth as the Source of Stem Cells
Background Wisdom teeth are usually removed as a routine procedure for therapeutic or prophylactic reasons. Developing wisdom teeth are easy accessible source of stem cells during the adulthood which could be obtained. Methods Search of the PubMed for stem cells and tooth was done. An inclusion criterion was extract of stem cells from wisdom tooth. Results Stem cells can be obtained fro...
متن کاملThe Study of Factors Affecting the Development of Wisdom-Oriented Sport Organizations
The aim of this study was to investigate those factors affecting the development of wisdom-oriented sport organizations. The research method was survey. The present study was designed to identify and prioritize effective factors. In the first part, the statistical population consisted of university professors, PhD students and managers and experts of the Ministry of Sport and Youth, and 200 of...
متن کاملMonetary and Macro-prudential Policies: An Integrated Analysis
This paper studies the interaction between monetary and macro-prudential policies in a simple model with both nominal and financial frictions. The nominal friction gives rise to a conventional monetary policy objective emphasized in the New Keynesian literature. The financial friction, in the form of an occasionally binding collateral constraint, gives rise to a financial stability objective. ...
متن کاملTranscendent Wisdom Patterns for Political Science
Abstract:About whether Islamic philosophy can play a role in the production of humanities? There is a continuum of ideas that, on the one hand, are ideas that have neglected the role of Islamic philosophy in general. And on the other hand, there are ideas that incor-porate the teachings of Islamic philosophy into paradigmatic elements for the produc-tion of a new type of human science. In...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 1999