Normative statements 规范表述
Claims that attempt to prescribe how the world should be
natural endowments 自然禀赋
a country’s natural resources, like good climate, fertile land, or minerals
net export function 净出口函数
a curve that gives the level of net exports at each level of income
net domestic product (NDP) 国内生产净值
GDP minus the value of the depreciation of the country’s capital goods
new classical economists 新古典经济学家
economists who, beginning in the 1970;s, built on the tradition of classical economists and believed that by and large, market forces, if left to themselves, would solve the problems of unemployment and recessions
new growth economists 新增长经济学家
economists who, beginning in the 1980’s, sought to understand better the basic forces that led the economy to grow fast at one time and slower at another, or some countries to grow faster than others
new Keynesian economists 新凯恩斯主义经济学家
economists who, beginning the 1980’s, built on the tradition of Keynesian economists and focused attention on unemployment; they sought explanations for the failure of wages and prices to adjust to make labor markets and possibly other markets clear
newly industrialized countries 新工业化国家
nations that have recently moved from begin quite poor to being middle-income countries; including South Korea, Taiwan, Singapore, and Hong Kong
normative economics 规范经济学
economics in which the conclusions rest on value judgments as well as facts and theories