What's the difference between economist and physiocrat?
Economist
Definition:
(n.) One who economizes, or manages domestic or other concerns with frugality; one who expends money, time, or labor, judiciously, and without waste.
(n.) One who is conversant with political economy; a student of economics.
Example Sentences:
(1) Philip Shaw, chief economist at broker Investec, expects CPI to hit 5.1%, just shy of the 5.2% reached in September 2008, as the utility hikes alone add 0.4% to inflation.
(2) Here's Dominic's full story: US unemployment rate drops to lowest level in six years as 288,000 jobs added Michael McKee (@mckonomy) BNP economists say jobless rate would have been 6.8% if not for drop in participation rate May 2, 2014 2.20pm BST ING's Rob Carnell is also struck by the "extraordinary weakness" of US wage growth .
(3) They also dismiss those who suggest that the current record-low interest rates mean countries could safely stimulate growth by raising their borrowing levels higher: Economists simply have little idea how long it will be until rates begin to rise.
(4) Tim Moore, senior economist at Markit, said: "Construction is no longer the weakest link in the UK economy.
(5) Miles will be replaced in September by former hedge fund economist Gertjan Vlieghe .
(6) Philip Shaw, chief economist at Investec, said: “Clearly, there is a much greater chance that the euro hits parity with the US dollar once again, as it first did in 1999.” Stock markets climbed and bond yields fell as the markets digested the full implications of the massive QE project that will involve the ECB buying €60bn (£45bn) of bonds a month until September 2016 or when eurozone inflation nears the central bank’s 2% target.
(7) Colin Ellis, European economist at Daiwa Securities SMBC, said: "Today's PMI data will only fan the glimmers of hope that have started to appear in recent weeks.
(8) Updated at 2.53pm GMT 2.48pm GMT 'Tricky job, well done' - IoD Graeme Leach , chief economist at the Institute of Directors, said: This was a tricky job, well done by George Osborne.
(9) Japan has chosen social cohesion over the quick-fix cures popular among Anglo-American economists.
(10) He was supported by Professor John Appleby, chief economist at the King's Fund, who calculated that the NHS would have £910m less to spend over that period.
(11) A trained economist, Klatten is Germany's richest woman with assets worth $14.3bn (and 58th richest in the world).
(12) Tony Dolphin, the chief economist at the IPPR thinktank, said: "Any reasonable person might say, these departments are already suffering swingeing cuts, and we're seeing reductions in frontline services: how can you possibly say you're going to take another 1% off without affecting services?"
(13) Prof John Appleby, the chief economist at the Nuffield Trust health thinktank, said the MPs were right to warn that cutting the amount of per capita funding for healthcare could mean major restrictions to NHS services being needed in the later years of this parliament, too.
(14) "The minutes of August's MPC meeting, revealing the first split interest rate vote since July 2011, indicate that a 2014 rate hike cannot be ruled out," said Samuel Tombs, senior UK economist at Capital Economics .
(15) As Carsten Brzeski , senior economist at ING , puts it: Data released since the April rate-setting meeting have provided further evidence that more monetary action could be needed in the euro zone...
(16) Economists at Bank of America Merrill Lynch wrote in a note to clients on Friday that it ranked “a serious escalation of US-China trade tensions” as the biggest risk to the global economy in 2017.
(17) The economists' report stressed Germany's "particular responsibility" to resolve the eurozone debt crisis.
(18) In August, the US added just 61,000 new jobs, half what many economists had been expecting.
(19) Vote for me, and I will complete the job of rebalancing it... January 28, 2014 12.03pm GMT Britain's businesses need to stop sitting on their cash piles and crank up their investment, argues IPPR’s chief economist Tony Dolphin: “The news that manufacturing is growing is welcome.
(20) Slower growth across the US, where almost one in 10 are out of work, was expected by economists.
Physiocrat
Definition:
(n.) One of the followers of Quesnay of France, who, in the 18th century, founded a system of political economy based upon the supremacy of natural order.