Monday, October 13, 2008

Your comments help advance economic science!

My goal is to make the application of supply and demand be both accurate and accessible. Time does not permit me to respond to the comments individually, but I read them. A large fraction of the comments have helped me make improvements in that direction -- thank you!!

1 comment:

Sheng said...

A good economist is the one who could see the invisible forces in operation (e.g., potential entrants, or permanent income) and not just those visible at the time being (e.g., giant, failing incumbents in the banking industry, or current income). The myopic policy makers' biggest mistake is they treat invisibles as nonexistence.