by Summary:
Economists are failing to understand the current inflation spike and as a result, also failing to provide adequate policy responses to it. In a recent survey by the University of Chicago, the majority of academic economists did not believe the increasing monopoly power in the US economy has any role in explaining inflation, or that policies such as targeted price controls would work (which even Paul Krugman called "stupid"). Will my dismal "science" even manage to think outside the free market box?
Topics:
Paul Krugman considers the following as important:
This could be interesting, too:
Economists are failing to understand the current inflation spike and as a result, also failing to provide adequate policy responses to it. In a recent survey by the University of Chicago, the majority of academic economists did not believe the increasing monopoly power in the US economy has any role in explaining inflation, or that policies such as targeted price controls would work (which even Paul Krugman called "stupid"). Will my dismal "science" even manage to think outside the free market box?
Topics:
Paul Krugman considers the following as important:
This could be interesting, too:
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| Economists are failing to understand the current inflation spike and as a result, also failing to provide adequate policy responses to it. In a recent survey by the University of Chicago, the majority of academic economists did not believe the increasing monopoly power in the US economy has any role in explaining inflation, or that policies such as targeted price controls would work (which even Paul Krugman called "stupid"). Will my dismal "science" even manage to think outside the free market box? |