The basic insight was that "it takes two to tango, but no one was paying attention to the relationship," said Millicent Badillo, the senior vice president for account services at Grey who oversees the account.
But the basic insights are not: that transaction costs matter, and you can't understand the nature of modern economies without thinking quite hard about the rules and institutions underpinning them.
It seems undeniable that Mukhopadhyay's basic insight is correct: without the full dimensionality of life, mind, consciousness, self, and information, there is no way to explain the human mind.
Their basic insight is that human beings are fallible: lazy, stupid, greedy and weak; loss-averse, stubborn, and prone to inertia and conformism.
The vibration characteristics of the turbine machinery are obtained, and some basic insights are provided for the engineers on the reliability design of the turbine machinery.
But its basic insights are now part of the accepted parlance of the language of baseball conversation.
One of its basic insights was that we humans — like other animals — interact with the world in ways that change our mental constitutions.
Or maybe worse than that: once we take balance sheet effects into account, the aggregate demand curve may well slope the "wrong" way, so that flexible wages and hence prices make things worse (pdf): That figure, by the way, is taken from a paper that is very much New Keynesian in its setup, although the basic insight can be expressed in IS-LM too.
More basic insights are needed to elucidate why not all HF patients respond to stem cell therapy and what can be done to enhance the effectiveness of this promising approach to repair a failing heart.
The basic insight can be captured using a simple example.
