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Moreover, there are other countries, committed to open, democratic processes, that have been spectacularly successful in creating economics that are both dynamic and fair — with far less inequality and far greater equality of opportunity than in the United States.
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If higher-end customers with discerning palates can buy into meatless burgers that taste like burgers, then the spending can subsidize growth (along with a few hundred million from investors) to create economics that will become more favorable as the company scales up to sell its goods at a lower price point.
If he had been asked, Hayek said, he would have "decidedly advised against" creating an economics prize.
But "the more you ride," the company claimed in a blog post, "the more likely we can keep them this low!" Uber insists lower fares should be beneficial to drivers, with more customers boosting "earning potential and creating better economics".
We believe this is possible –we can help create compelling "economics of collection".
Let me quote from a classic paper by the late Paul Samuelson, who more or less created modern economics: "With employment less than full... all the debunked mercantilistic arguments" — that is, claims that nations who subsidize their exports effectively steal jobs from other countries — "turn out to be valid".
Monopolies create bad economics -- but also bad religious cultures.
These are strategies the power class has used for centuries to divide people and create the economics of inequality.
As for Newt's role in creating supply-side economics, it was another fantasy.
Or, if you prefer, they're saying that we can solve the jobs problem through Lake Wobegon economics, creating an environment in which every state, every age group, and every occupation offers wages that are below average.
By the laws of economics, creating a new market requires taking a very large risk, but the reward should be commensurate to the risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com