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The first was Joseph Schumpeter's distinction between an economist's vision and his analytic scheme.
We've drained inventories to such an extreme that the cupboard is bare in many industries, and that's music to an economist's ears, because it means that regardless of what happens in Washington, the cupboard needs to be replenished.
Mr McCain comes off badly too, but the book's account is tinged with sadness, as The Economist's own reporting of the maverick politician's tragic final act was also inclined to be.
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It is also one of the most expensive emerging markets, ranking 14th on this year's Economist Intelligence Unit's Worldwide Cost of Living Survey of 130 cities worldwide.
Milton Friedman leads a list of more than 500 economists from around the U.S. who today will publicly endorse a Harvard University economist's report on the costs of marijuana prohibition and the potential revenue gains from the U.S. government instead legalizing it and taxing its sale.
The Economist's website would, for example, then be found at www.economist.com.earth.sol.
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Nor is The Economist's study good news for the national prospects of the Conservative Party.
The Economist's study looked at 12 local constituencies where all three parties contested every ward.
Cicero did not use ad hoc as we do, nor the economist's jargon ex post.
The Economist's Big Mac index offers a crude estimate of how far exchange rates are from PPP.
All of them responded to The Economist's inquiries, whereas a surprising number of British ministers rebuffed them.
The Economist's poll of polls for the week has Labour on 51% and the Tories on 31%.
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Jim Bunning, R-Kentucky, the only senator to vote against the economist's appointment four years ago by President Bush.
On a quarterly basis, prices are falling in half of the 20 countries in The Economist's house-price index.
More and more people now use domain-name shortening services such as bit.ly and econ.st (The Economist's such offering).
In a long and reasoned essay he said that an economist's normal benefit-cost answer could not be given.
The Economist's poll of forecasters expects America to grow by 4% this year, still ahead of Europe's 3.2%.
Here is The Economist's own, brand new, poll of these polls, including Business Week's latest results (see table).
The Economist's Blighty blogger characterises the response from the UK's fellow EU member states as one of "bafflement".
Questioning hallowed practices was, he believed, a big part of an economist's job.
Or you can make your own predictions, using The Economist's interactive chart.
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The government predicts 3.1% growth in 2008 (The Economist's consensus forecast is 2.4%).
The Economist's Big Mac Index, a light-hearted guide to how far currencies are from fair value, provides some answers.
ECONOMIST: Food for thought about exchange-rate controversies
On a quarterly basis prices are now falling in at least half the 20 countries in The Economist's house-price index.
This helped to prepare the great expansion of The Economist's circulation in the United States in the 1970s and 1980s.
It gave The Economist's articles front-page billing on April 27th and packed some seven further pages with excerpts and related articles.
The conclusions are every bit as bad as the most alarmed commentators had feared (including The Economist's cover article last week).
Though tempted to break The Economist's shackles of anonymity, he regretfully declined.
Oil prices have fallen by a third since last July, and The Economist's industrial commodities price index is down by a quarter.
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