(Greek > Latin: an assumption that is taken for granted; a premise)
Don't confuse the words in this unit with another lemmo-, lemm- lemma- unit meaning "sheath, husk".
2. Etymology: from Latin analemma, "the pedestal of a sundial" then the sundial itself, from Greek analemma, "to take up, to support"; from analambanein, "to receive, to take up, to restore"; from
ana-, "up" + lambanein, "to take".
2. In logic, a form of reasoning that, though valid, leads to two undesirable selections: When George was trying to find at least three different definitions for each of the words that he was assigned to find for his English class, his dilemma was that the three dictionaries were giving the same results without any significant variations in contents from one to the other.
3. Etymology: from Late Latin dilemma, which came from Greek dilemma, "double proposition".
This is a technical term in rhetoric, from di-, "two" + lemma, "premise, anything received or taken" from the root of lambanein, "to take".
Go to this Word A Day Revisited Index
so you can see more of Mickey Bach's cartoons.
Peggy dilemmas often about whether she should spend more money for unsuccessful psychiatric treatments for her depressions or just live with her unhappiness even though it could develop into a more serious neurotic disorder.
2. In logic, a proposition that is assumed to be true in order to test the validity of another proposition.
3. An assumption taken for granted; something received.
4. In publishing, a heading that indicates the topic of a work or passage.
5. The argument or subject of a literary composition, prefixed as a heading or title; also, a motto appended to a picture, etc.
World economies are in a trilemma, not just a dilemma
As the world economy struggles to recover from its various ailments, the international financial order is coming under increased scrutiny.
Currencies and exchange rates, in particular, are getting a hard look.
In thinking about these issues, the place to start is with what economists call the fundamental trilemma of international finance.
Trilemma describes a situation in which someone faces a choice among three options, each with some inevitable problems.
What is the trilemma in international finance?
The trilemma stems from the fact that in most nations, economic policy makers would like to achieve these three goals:
- Make the country's economy open to international flows of capital.
- Use monetary policy as a tool to help stabilize the economy.
- Maintain stability in the currency exchange rate.
Without doubt, the financial system presents policy makers with difficult tradeoffs. Americans should not be too harsh when other nations facing the trilemma reach conclusions different from their own.
In this area of economic policy, as well as many others, there is room for reasonable nations to disagree.