The ultimate test of any economic theory is whether it improves real-world decisions.
任何經(jīng)濟理論的最終檢驗標(biāo)準(zhǔn)是它是否能改善現(xiàn)實世界的決策。
Markets are not perfect, but well-designed ones come close.
市場并不完美,但設(shè)計良好的市場接近完美。
The most important skill for an economist is the ability to think clearly about trade-offs.
經(jīng)濟學(xué)家最重要的技能是清晰地思考權(quán)衡取舍。
The value of an economic model lies in its ability to explain and predict.
經(jīng)濟模型的價值在于其解釋和預(yù)測的能力。
In economics, small changes in rules can lead to large changes in outcomes.
在經(jīng)濟學(xué)中,規(guī)則的小變化可能導(dǎo)致結(jié)果的大變化。
The best designs emerge from a deep understanding of both theory and context.
最好的設(shè)計來自于對理論和背景的深刻理解。
The study of auctions teaches us about the broader workings of markets.
拍賣研究讓我們更廣泛地理解市場的運作。
Economic progress depends on both new ideas and better implementation.
經(jīng)濟進步既依賴于新想法,也依賴于更好的實施。
The most effective policies are those that align individual and collective interests.
最有效的政策是那些能協(xié)調(diào)個人和集體利益的政策。
Markets are human creations, and like all human creations, they can be improved.
市場是人類創(chuàng)造物,和所有人類創(chuàng)造物一樣,它們可以被改進。
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