Economists first underestimated inflation, then underestimated consumers and the labor market. The key question is why.
Tag: Economics (Theory and Philosophy)
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Claudia Goldin Wins Nobel in Economics for Studying Women in the Work Force
Her research uncovered the reasons for differences in labor force participation and earnings for women. She is the third woman to win the economics Nobel.
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Ireland’s Latest Fiscal Headache: What to Do With 10 Billion Euros
The government in Dublin has a big budget surplus, thanks to its low tax rate for multinationals. Build more housing? Or a subway? Sock it away? Whatever the case, someone will be unhappy.