Word: givens
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...Smith did not have it wrong. It's just that some of his self-proclaimed disciples have given us a terribly incomplete picture of what he believed. The man himself used the phrase invisible hand only three times: once in the famous passage from The Wealth of Nations that everybody cites; once in his other big book, The Theory of Moral Sentiments; and once in a posthumously published history of astronomy (in which he was talking about "the invisible hand of Jupiter" - the god, not the planet). For Smith, the invisible hand was but one of an array of interesting...
...Upon arrival, guests are given bikes so they can zip along the five kilometers of paved paths that wind past the island's historic sugar mill, savanna-like grassland and fields where wild black-and-white sheep graze. In Antiguan, jumby means "playful spirit" and the resort's extracurricular activities cover the gamut, from snorkeling excursions to nearby Bird Island to champagne stargazing (you can spot the elusive Andromeda galaxy) and nighttime treks along Pasture Beach where the hawksbill sea turtle nests. The concierge can even arrange mock regattas, pitting groups of friends or families against each other...
...large student-to-faculty ratios and unwelcomingly massive lecture courses. More seminars, with as small or smaller enrollment, should be added to supplement the curriculum of students who often do not receive the personal attention present in other departments. Indeed, the academic development of economics concentrators is especially important given the barrage of economic issues prevalent today, and students should have the privilege of having one small class...
...things considered, competing in Italy has now given the Crimson distinct advantages right as it prepares to enter the spring...
...even if Merkel says Greece is in no immediate danger, there are doubts about whether it can survive for much longer without outside financial help. Simon Tilford, chief economist at the London-based Center for European Reform think tank, says Merkel's brinkmanship is understandable given the political risks of Germany's conceding too soon but that she cannot hold out indefinitely. "It is implausible that Greece could get through the rest of this year unaided," he says. "Ultimately, the Germans will put something on the table. They will always defend the stability of the euro...