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Problems in markets were only caused by external shocks and, worst of all, state interference.
Those previous extinctions are thought to have been triggered by external shocks such as an asteroid impact or a huge volcanic eruption.
Each cycle was triggered by new technology integrated circuits, PCs, the Internet and ended by external shocks, such as cuts in defence spending.
As with the end of feudalism 500 years ago, capitalism's replacement by postcapitalism will be accelerated by external shocks and shaped by the emergence of a new kind of human being.
Thus, uncertainty in consumption is driven by the uncertainty in preferences and not by external shocks as similarly stated by Hayes (1987).
These flows have the advantage of being more stable than other forms of external funding and provide support to remittance-recipient households and communities hit by external shocks.
Similar(52)
As resource nodes are dependent on each other, a threatened node might again threaten another node, which leads to a global "spreading" of impacts induced by external shock events.
These shifts were drive by big external shocks, of course, from the Iraq War to the Great Recession, but that's part of my point.
Executives were told to travel less and move into economy class.The traditional network carriers are not just grappling with a cyclical slump aggravated by the external shocks of the past three years.
In the past couple of years Argentina has been hit by three big external shocks, which are largely responsible for the current recession.
"The economy is buffeted by the same external shocks of food prices that are affecting other countries, but on top of that they have domestic demand that's booming.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com