How to pronounce “economic theory” in English

Because economic theory is a theory of fictional creatures.

Although economic theory asserts that human beings are the sorts of rational actors, studies have shown repeatedly that we are anything but that.

one economic theory that can single-handedly explain Singapore.

in financial and economic theory were giving papers to Hank Paulson and Ben Bernanke and George W. Bush that

How can behavioral economic theory influence like what's taught in universities?

Now according to economic theory, the answers to those questions should be approximately the same.

Because in the standard economic theory, neoclassical economic theory, work is seen as disutility that people have to put up with so that they can earn something

There's also this economic theory out there that if you take the incomes of your five closest friends and you average them the resolving number will be pretty close to your own income.

out of basic tools of economic theory.

of paradoxical and impossible in standard economic theory, because more choice always kind of less choice is nested within it.

And that actually is just basic economic theory, because if you look at real option theory, real option theory says you create options

He's a professor of economic theory at the University of Athens and a former member of the parliament.

As long as centralized-- this is an economic theory.

And some of this is some basic economic theory, ideas about technological substitution, innovation, the spur to investment, the search for new resources.

our ideological representations of them which are deeply set in economic theory,

And this is a contradiction of what the general economic theory says.

One of them is very simply to test and refine other economic theory.

And there will be no bullshit in the world of economic theory.

And so designing markets has changed my taste in economic theory in much the way, I think, that it's going to change the taste of computer scientists

What has happened in recent decades is that while economic theory predicted that, oh and I'm supposed to turn on this.

Well, economic theory had predicted that the disparities between the richest and the poorest would be narrowed.

structures, and according to traditional neoclassical economic theory, the presence of monopolies and concentrated structures is not a good thing.

much, could be something bad for economic theory, meaning something was not right.

So, there's a lot of economic theory that sounds a lot like that, but it but

In fact, there's some nice economic theory about this.

And so it's a common and it's a well-stated critique that neoclassical economic theory describes the behavior of a species other than humans,

The answer lies in the specific assumptions about human behavior that are made in neoclassical economic theory.

There is one of the core elements that you will be taught in a economic theory course will be something called the fundamental theorem

But the problem is it doesn't have the elegance of general equilibrium economic theory.

But in fact, what the economic theory had always said was that countries would be better

So what is a healthy amount of inflation versus too much inflation is one of the big debates in economic theory.

Standard economic theory generation starts from a series of axioms-- primitive assumptions are taken to be self-evident.

And they have pretty much displaced, and this is the dominant economic theory, and it's one of the reasons why what we're going to talk about works.

Equity in rewards, the pay, and even under standard economic theory, for the theory to work rewards or returns to labor and capital have to be normalized to each other.

And so even though classical economic theory says yes, we evaluate everything about every option and make the optimal choice, we can't actually do that.

If you read a holy book, or if you read an economic theory, or if you listen to a song or you listen to a piece of music,

No one circa 1956 that had gone to graduate school and studied economic theory

so the interior of the art world, inside the inner workings of an orchestra, economic theory, I mean, all of these subjects that you've

It's a statement of fact, and it's because the preferred and overwhelmingly-- the dominant mode of economic theory generation is axiomatic,

And so you take these axioms, you derive out the way you expect a rational agent to behave, and this is what economic theory really is all about.

And if you look at the social sciences, which I was raised in, of economic theory, biological science, social psychology and the like,

So I put it to my students, look, give me one economic theory-- it doesn't matter what it is, neoclassical, Austrian, Marxist, Keynesian--