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What once described the smoothly functioning factory now describes a smoothly functioning market.
IF YOU want a big, smoothly functioning market for capital, you have to protect investors from mischief.
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The Fed has spent $1.8 trillion in the markets, or about 25% of an announced $7.4 trillion support and stabilization program for financial institutions and for smoothly functioning markets.
Both can be seen as pioneers in understanding how markets work in the real world where transactions costs are high, establishing smoothly functioning markets is costly, information is incomplete, and hiring and production options are limited.
That would mean a lot of pain for a lot of folks — especially both companies' stockholders and the broader community of people depending on a secure, smoothly functioning mortgage market.
Several regulators trying different approaches should reveal more about what leads to the most smoothly functioning securities markets.Spiralling up or down?At first sight, one drawback seems obvious.
To be sure, Thai democracy was never exactly a smoothly functioning, entirely stable thing.
Obama, by contrast, combined an uplifting speaking style with a smoothly functioning campaign that became known as "no-drama Obama".
Japan's reputation — and its self-image — as an efficient, prosperous and smoothly functioning society has been dealt a blow.
Several team members would not compromise personal ambition in the slightest, making it impossible to forge a smoothly functioning team.
His team is a smoothly functioning machine which does not require any tinkering - and he knows it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com