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Erschienen in:
2016 | OriginalPaper | Buchkapitel
1999: How the Economy Came to Resemble the Model
verfasst von : Alan S. Blinder
Erschienen in: The Best of Business Economics
Verlag: Palgrave Macmillan US
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George Stigler (1976, p. 351) wrote that “economists exert a minor and scarcely detectable influence on the societies in which they live.” I don’t believe that is true any longer. In fact, I want to make—and then defend—an audacious claim that directly contradicts Stigler. Since he wrote those words, real-world economies, including ours, have changed in a number of ways that bring them into closer alignment with the pristine model envisioned by economic theory. In this curious sense, life has come to imitate art.