[Previous] [Main Index] [Next]

Saturday, July 11, 2009

DO RECESSIONS HAVE DESIRABLE "CLEANSING" EFFECTS: IN PARTICULAR, ARE THE NEEDED TO UNDERMINE OLD, INCREASINGLY INEFFICIENT FIRMS AND REALLOCATE CAPITAL AND LABOR TO NEW TECHNOLOGICALLY ADVANCED FIRMS?

Today's Buggy Topic?

The wordy subject-title above captures the topic accurately enough.  It's set out at length in a thread at Economist's View and --- for all its length --- is really only part one of a two-post commentary that prof bug hopes to unfurl at that site.

Click here please.