Sometimes the best way to understand the future is to look to the past. Out of curiosity, I recently cracked open The American Economy in Transition, published in 1980, edited by Martin Feldstein and including contributions from other Nobel-winning economists, successful business leaders and notable public servants. Though most of the essays get it wrong, I found the book oddly reassuring

The problems the book describes truly are of a different era. On one hand, I was comforted to learn that many of these fears turned out to be unfounded. On the other, I am concerned that many current economists are not worried about the correct things.

QOSHE - Economists Aren’t the Best at Predicting the Economy - Tyler Cowen
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Economists Aren’t the Best at Predicting the Economy

55 1
03.05.2024

Sometimes the best way to understand the future is to look to the past. Out of curiosity, I recently cracked open The American Economy in........

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