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No two economic crises are identical. But the same questions recur. How did we get into this mess? How can we get out of it? How
No two economic crises are identical. But the same questions recur. How did we get into this mess? How can we get out of it? How
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2015-02-12
72
问题
No two economic crises are identical. But the same questions recur. How did we get into this mess? How can we get out of it? How do we avoid another? Some answers repeat themselves too. You can be pretty sure that sooner or later someone, quite possibly an anguished economist, will declare that economics itself has gone
astray
. The wisdom of some past master, whether celebrated or neglected, has been forgotten, and the economy is paying the price.
A new book, "Animal Spirits" follows this rule to the letter. The authors seek to answer the first of those three old questions and thus to provide some pointers about the other two. They do indeed believe that economics has lost its way. And their chosen economist is Keynes.
So far, so familiar. But this book is rather more than the usual lament about the failings of economics. Its authors are two of the discipline’s leading lights. Mr. Akerlof won a Nobel prize in 2001, in part for a classic paper explaining how markets may fail. Mr. Shiller sounded a warning about the "Irrational Exuberance" of the tech-boom stockmarket in a book of that name—and did the same for the housing market in a second edition.
The lesson that Messrs Akerlof and Shiller draw from Keynes is not just the standard one, of the usefulness of deficit finance in recessions. They borrow their title from "The General Theory of Employment, Interest and Money".
Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as a result of animal spirits—of a spontaneous urge to action rather than inaction, and not as the outcome of the weighted average of quantitative benefits multiplied by quantitative probabilities.
Too much economics, say Mr. Akerlof and Mr. Shiller, has been built on the premise that humans are rational calculators. That is not a new criticism, even from economists. Over the past couple of decades Homo economicus has evolved into a being more like H. sapiens, as economics has drawn on psychology, biology and even neuroscience. "Behavioural" economics has shaped public policy—for instance, in encouraging people to save or in shaping the choice of investments in their pension pots. Behavioural economists have earned Nobel prizes. Mr. Akerlof and Mr. Shiller, however, complain that this evolution has been confined mainly to microeconomics. It is time for macroeconomics to catch up.
The underlined word in Paragraph 1 means______.
选项
A、lost
B、prosperous
C、fading
D、professional
答案
A
解析
属词义推断题。第二段第一句讲到这本书是谨遵上文的规则的,上文的观点有两个,一个是被考查词所在句,另一个是经济学家的观点被遗忘。第二段最后“and”连接了两个句子,后一句对应的是前文的第二个规则,那么“and”前面一句对应就是考查词所在句的观点,即经济学迷失了方向,故选项A符合题意。
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0
考研英语一
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