Longrunonomics vs. Shortrunonomics
Harvard Business Review
DECEMBER 9, 2010
Longrunonomics is what's also referred to as neoclassical economics, the logical, elegant study of incentives, utility, and equilibrium that has formed the core of the discipline for 150 years. As a non-economist who knows more about history and politics than most economists, I can't help but like that idea. It's not wrong.
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