These writers are correct about the threat to search, but they misunderstand the source.
The authors cannot be said to be ignorant of the existence of economic principles that govern human behavior, but a case can be made that they misunderstand them.
The second blind spot among the neo-Luddites is their failure to consider the gains we will receive as consumers from technological advances even as they misunderstand the reduced demand for labor technology may create.
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In thinking about leadership selection this way, however, they fundamentally misunderstand the problem they face in choosing a leader.
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Westerners, especially Americans, often misunderstand Japan because they naively think that every nation wants to have a U.S.-style, consumer-oriented system.
She adds that schools often misunderstand the disease because they rarely see the child at their worst.
The call to recapitalise banks so that they can lend more shows that many in Japan still misunderstand the cause of the crisis.
Baldt pushes his 20 analysts to focus on the minutiae: What's in the bond indenture to secure repayment, under what circumstances can they be called in early, and does the market misunderstand them?
However, like Roubini, these analysts surprisingly misunderstand basic facts about income, demographics and investment in these facilities, and they use data points that are simply wrong to lead to their conclusions.
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