The Peterson Institute for International Economics gets a nod for being run by an "ideologue" named Adam Posen. On a substantive note, the free market and its role in economic development remains little understood... { A basic problem is that in commenting on economies that deviate from Anglo-American textbook norms, the Anglophone press is highly unreliable. Commentators seek to make reality conform to theory either “pruning” their accounts of contradictory facts or, worse, by utterly misrepresenting undeniable facts. A classic example of the genre was a recent article by Adam Posen in the Financial Times in which he seemed to suggest that Germany has been underperforming in income growth in recent years. For an ideologue like Posen, who runs the Peterson Institute for International Economics, the idea that German incomes could have outperformed American ones in recent years may seem impossible – but that is no reason to misstate fundamental facts. }
Posted on: Mon, 23 Sep 2013 03:15:55 +0000
Trending Topics
Recently Viewed Topics
© 2015