Connect with us

Business

On Inflation, Economics Has Some Explaining to Do



Having failed to anticipate the steepest inflation in 40 years, you’ll suppose the economics self-discipline can be knee-deep in postmortems.

Not but. Outside of a handful of people, economists have so far devoted remarkably little consideration to how their theories and fashions bought inflation so unsuitable. There has but to be a surge of research from the National Bureau of Economic Research, the main outlet for tutorial economics, on inflation as in contrast with the gusher of papers on pandemics in 2020.

Trending