Economists Can’t Agree On What This Simple Term Means—And It’s A Problem
There are many terms in economics whose definitions drift towards either the high limb of mathematics or the more esoteric regions of history . But it ’s a very simple , everyday term that has economists most up in arm . In response toa question about the inner debatesthat have their industry - insider grinding their teeth ( while the ease of us barely take observation ) , commenterSnowexplained how one very simple turn of set phrase is turn out to be anything but for economists ....