I was a math major. I remember doing homework problems when I didn't understand the process. I'd go thru a whole long process and come up with an answer that turned out to be wrong. What I learned was that to solve the problem I had to start in the right place.
It's like that with the economy too. Start in the wrong place and you get the wrong answer.
Subscribe to:
Post Comments (Atom)
-
I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio... -
JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand.... -
Bosch season five air date: 18 April. Ten episodes. Four days later, six of the transcripts were already available. A few days later, the ... -
Mark Thoma links to the Kansas City Fed's Nominal Wage Rigidities and the Future Path of Wage Growth by José Mustre-del-Río and Emily ... -
First, this summary of an observation made in 1850, from the Liberty Fund : Frédéric Bastiat, while pondering the nature of war, concluded ...
No comments:
Post a Comment