« Unusual facts about leading economists 1: Piero Sraffa | Main | Can rich Democrats overcome flabby ideas? »

Monday, August 08, 2005

Comments

ashish
But structural policies take ages to produce effects. The initial consequence is usually a reduction in expenditure, which slows economic activity. It typically takes five years or more for positive effects to start to outweigh the negative. No surprise that politicians so seldom undertake reform. They know that the negative consequences will occur on their watch, while the benefits will accrue to their successors. Look at how Labour has benefited from the policies of Mrs Thatcher.
May we need to give politicians incentives to do long-term beneficial reforms.
foo

I do not think you would find much argumanet that points 4 and 6 are very important. However, point 7 is one that has to be considered carefully:

7) History seldom, if ever, repeats itself precisely. Economies have the habit of producing new mixtures of circumstances that require new approaches.

You'd here no argument from Keynes, but how many modern economists who hang their hats on the ergodicity assumption would agree (or even know that they are disagreeing)?

travesti

istanbul hotel molebe kansas artic thanks This article is very beautiful, I really get very beyendım text files manually to your health as you travesti very beautiful and I wish you continued success with all respect ..

Thanks for helpful information travesti siteleri you catch up us with your sagol instructional çok explanation.
en iyi travestiler en guzel travesti

travesti
travesti forum
istanbul travestileri
ankara travestileri
izmir travestileri
bursa travestileri
travestiler
trv
travesti siteleri
travesti video
travesti
travesti
travesti
travestiler
travesti
travestiler
sohbet
travesti
chat
organik
güncel blog
sohbet
turkce mirc
chat
chut
sohbet,
çet

Turk chat

Thanks Youu Posted

aşk sözleri



Thank you for this wonderful article ... really very nice - there are such things

amatör şairler
şiirler
güzel sözler
Gooo
isimler
Sohbet $
yuzuk mirc
fena sözler
ve şiir perisi

erotic shop

It typically takes five years or more for positive effects to start to outweigh the negative. No surprise that politicians so seldom undertake reform

The comments to this entry are closed.

Information




  • TEST


  • Subscribe in NewsGator Online

Economist Weblogs

Disclaimer


  • This is a personal web site, produced in my own time and solely reflecting my personal opinions. Statements on this site do not represent the views or policies of my employer, past or present, or any other organisation with which I may be affiliated. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.