Economist example sentences
Environmentalists and economists have increasingly come to recognise that pastoral nomadism is a form of life that is perfectly suited to many hilly and dry regions of the world.Through the analysis of financial statements of various firms, an economist can judge the extent of concentration of economic power and pitfalls in the financial policies pursued.These events made economists think about the functioning of the economy in a new way.One task of an economist is to figureure out which model is applicable to which real life situation.For these purposes macroeconomists had to study the effects in the markets of taxation and other budgetary policies, and policies for bringing about changes in money supply, the rate of interest, wages, employment, and output.Muhammad Yunus is a famous economist of Bangladesh.Keynes — a noted economist joined together at Bretton Woods, New Hampshire to identify measures to restore peace and normalcy in the world.In 1817, James Mill, a Scottish economist and political philosopher, published a massive three-volume work, A History of British India.Most economists contend that other factors are more important than relative prices for exchange rate determination in the short run.This view is called Ricardian equivalence after one of the greatest nineteenth century economists, David Ricardo, who first argued that in the face of high deficits, people save more.A few economists think that Indian farmers have a bleak future if they continue growing foodgrains on the holdings that grow smaller and smaller as the population rises.To get around this problem, economists suggest that the values of goods and services should be used rather than adding up the actual numbers.Economists began to think in terms of the national economy.Considering that poverty and deprivation are among the glaring problems of our society, Indian social scientists, including sociologists, psychologists and economists, have undertaken systematic research on the poor and deprived sections.Adam Smith, the founding father of modern economics, had suggested that if the buyers and sellers in each market take their decisions following only their own self-interest, economists will not need to think of the wealth and welfare of the country as a whole separately.
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