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There are some who don't understand the basic economics.
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So you don't have to have a very precise [metric] if you understand the basic kind of economics of this industry.
To understand why, start with the basic economics of banking, money and inflation.
You need to understand the basics, of course, but you don't need a Ph.D. in economics before you leave the starting gate.
Geithner either does not understand or opts to ignore the basic economics.
Those familiar with the basic economics of advertising CAN believe.
But there is also the basic economics of payment services.
This is the basic economics of demand.
"I had always thought that policy makers well understood the basic principle of macroeconomic management," said this Economics Professor.
The fact that Greenspan imagines that bank capital is like installing seat belts suggests that the man once revered as a demigod of finance doesn't understand basic economics — or, more likely, that he chooses not to understand what he, amazingly, is still being paid to not understand.
Airlines finally understand basic economics.
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