When people try to think about the long-term future, by which I mean here looking a half-century or a century ahead, they often suffer a lack of imagination. As a common example, they take today’s problems and just multiply them by a factor of ten. Or they assume that improved central planning, in one form…
Nordhaus on the Perils of Long-Term Forecasting
Nordhaus on the Perils of Long-Term Forecasting
01 Jan 2025 Leave a comment
in applied price theory, econometerics, economic history Tags: The Great Enrichment
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