Warning: Undefined array key "visitor_referer_type" in /var/www/vhosts/wordinf.com/core/app/libraries/Core.php on line 98
Edward C. Prescott - In the Great Depression,...

In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment. (Edward C. Prescott)

In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment.

Edward C. Prescott

Related topics

depression employment great industrial investment labor low market normal way

Related quotes

What nobody understood then is this: The only way that you achieve what you want and fulfill your dreams and become great is by demanding that sort of attention. You have to make it happen.

Augusten Burroughs

The release of atom power has changed everything except our way of thinking ... the solution to this problem lies in the heart of mankind. If only I had known, I should have become a watchmaker.

Albert Einstein

No man is great enough or wise enough for any of us to surrender our destiny to. The only way in which anyone can lead us is to restore to us the belief in our own guidance.

Henry Miller

The great majority of men, especially in France, both desire and possess a fashionable woman, much in the way one might own a fine horse - as a luxury befitting a young man.

Stendhal

The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

Milton Friedman