I signed up for a course in mathematical statistics, a technical discipline based on the notion that the inner workings and interrrelationships of a major economy can be investigated, measured, modeled, and analyzed mathematically. Today, the discipline is called econometrics.
If the economy could be accurately modeled using empirical facts and math, the large-scale forecasts could be derived methodically, without the quasi-scientific intuition employed by so many economic forecasters.
If models have so little predictive power, what use are they? The least-heralded advantage of formal model is simply that the exercise of using them ensures that basic rules of national accounting and economic consistency are being applied to a set of assumptions. Any models certainly can help maximize the e... (查看原文)
Working with heavy industry gave me a profound appreciation of the central dynamic of capitalism."Creative destruction" is an idea that was articulated by the Harvard economist Joseph Schumpeter in 1942. Like many powerful ideas, his is simple: A market economy will incessantly revitalize itself from within by scraping old and failing businesses and then reallocating resources to newer, more productive ones. (查看原文)
economic resilience. market capitalism vs central planning (or market socialism. Nixon and Linton smart. GM pension fund owned Google shares (during dot-com boom) - a textbook example of capital shift...economic resilience. market capitalism vs central planning (or market socialism. Nixon and Linton smart. GM pension fund owned Google shares (during dot-com boom) - a textbook example of capital shifting as a result of creative destruction. The greater the freedom to compete and the stronger the rule of law, the greater the material wealth produced(展开)
这本书很棒，正在看。我看的是台湾翻译的版本。 我不知道标题是谁写的，不过您把英文书名的一个单词写错了： THE AGE OF TURBULENCE: Adventures in a New Word 台湾版本的中文书名是： 《我们的新世界》 翻译成《动荡的年代》，符合格老此书的叙述内容；不过“新世界”能反...
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1 有用 曹毛毛 2018-08-20 13:55:21
还不错。
1 有用 Chao 2021-01-20 10:21:02
A must-read for those who are into macroeconomics and want to know the behind-the-scenes decision making process at Fed.
0 有用 简简简啊 2025-02-23 04:30:49 新西兰
economic resilience. market capitalism vs central planning (or market socialism. Nixon and Linton smart. GM pension fund owned Google shares (during dot-com boom) - a textbook example of capital shift... economic resilience. market capitalism vs central planning (or market socialism. Nixon and Linton smart. GM pension fund owned Google shares (during dot-com boom) - a textbook example of capital shifting as a result of creative destruction. The greater the freedom to compete and the stronger the rule of law, the greater the material wealth produced (展开)
0 有用 彼得 2010-06-11 17:34:40
本书投资参考，很好
0 有用 微微安二世 2008-05-01 16:04:56
除了大肆炒作，此书其实可看性颇高