Word: shortsightedness
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Bush’s actions on taxation, trade, health care, education, and climate more likely cushioned the economic collapse than contributed to it. The Bush administration, the Clinton administration and both Republican and Democratic Congresses all deserve blame for their failures in financial market regulation and shortsighted home ownership initiatives...
Behavioral economics doesn't ignore the market forces that were all-powerful in Econ 101, but it harnesses forces traditionally consigned to Psych 101. Behaviorists have always known we don't really act like the superrational Homo economicus of the neoclassical-model world. Years of studies of patients who don...
Undergraduates had high expectations for the new January term. We anticipated the possibility of new and interesting classes, college-backed internships, and short-term study-abroad programs, all offered with the freedom for students to create their own January experience. It is lamentable that the College is considering not only...
Others argue that this is an unfortunate time for any costly project, but it is shortsighted to ignore the positive potential for job creation and the need to invest in sustainable energy. From the economic crisis to our current dependence on foreign oil, it is undoubtedly clear that the United...
The out-of-control inflation of the 1970s wreaked havoc with Keynesian fine-tuning and seemed to confirm the criticisms of Lucas and Friedman. But their victory was never complete. The U.S. economic boom of the 1980s was at least partly the result of deficit spending. As financial crises battered...