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BERKELEY — My book on the economic history of the twentieth century, published last fall, did not include a chapter on the question of the future or “what we should do next”, because my frequent co-author, Stephen S. Cohen, convinced me that whatever I wrote would come to look outdated and silly within six months. He was right: Such arguments are better left to commentaries
BERKELEY — My book on the economic history of the twentieth century, published last fall, did not include a chapter on the question of the future or “what we should do next”, because my frequent co-author, Stephen S. Cohen, convinced me that whatever I wrote would come to look outdated and silly within six months. He was right: Such arguments are better left to commentaries
Economists think like a timepiece when it comes to the macroeconomy, the short run, and the long run. The short-run has consumed our attention through inflation and the stock market. The long-run is affected by living standards, and labor productivity. Joe Santos explains.