Start by provisionally assuming a frictionless world in which consumers have perfect foresight and perfect access to capital markets.
Authors apply their research to tackle present challenges associated with the limited awareness of Foresight and constrained access to Foresight training offer in the region, which leads to insufficient Futures Literacy competences among managers and thus stiffens the opportunity to take advantage of Foresight in business practice.
Walmart has shown extraordinary vision and foresight in funding access to the museum, providing all that Crystal Bridges has to offer to all people at no cost.
You gain access to foresight - something facts can't do.
At that time, John Snow, a London physician, used the foresight principle to restrict access to polluted water coming from the Broad Street pump, because he suspected that it was the cause of the cholera outbreaks that were plaguing such urban centers in those days (Snow 1936).
Here's what we agree on: if consumers have perfect foresight, live forever, have perfect access to capital markets, etc., then they will take into account the expected future burden of taxes to pay for government spending.
Both the "new classical" and "Keynesian" effects are disputable, as is the central premise of Ricardian equivalence, which requires one to assume, in Paul Krugman's words, that "consumers have perfect foresight, live forever, have perfect access to capital markets" and so forth.
"Given that Dundee City Council had the foresight to make the investment in the access road and services, we could realise this investment and start immediately should planning permission be granted.
With uncanny foresight, its founder, McClendon, locked up exclusive access to immense tracts of land across the country by promising property owners that their lives would be transformed by the wealth the gas under it would bring.
One reason for this was that carpoolers no longer had access to the toll lanes unless they had the foresight to buy a transponder.
