Long run and short run

This tag is associated with 2 posts

On the short- and long-run

“… The long run trend is but a slowly changing component of a chain of short run situations; it has no independent entity …” Kalecki Continue reading

Structural Unemeployment | In the long run we are all dead and in the short run, there is a lot of pain

Krugman: So now we’re in another depression, not as bad as the last one, but bad enough. And, once again, authoritative-sounding figures insist that our problems are “structural,” that they can’t be fixed quickly. We must focus on the long run, such people say, believing that they are being responsible. But the reality is that … Continue reading

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