Недостаток стимулов

ПАСАДЕНА, КАЛИФОРНИЯ. Многие экономисты думают, что макроэкономические нарушения, такие как нынешняя рецессия, можно понять с точки зрения сводных показателей, таких как общая численность работающих, уровень цен и денежная масса. Но эта точка зрения обманчива, особенно в нынешней экономической ситуации. Что еще хуже, так это то, что она ведет нас по неправильному пути к непродуктивной экономической политике.

Как объяснил экономист Фишер Блэк, экономика согласует желания населения с имеющимися в наличии ресурсами и производственными технологиями. Когда экономика действует эффективно, ожидания в основном реализуются; желания, ресурсы и производственные технологии согласованы; и люди разумно удовлетворены своими планами, отношениями и договорами.

Но если мир развивается в явно неожиданном направлении, существующие планы, взаимоотношения и договора людей требуют пересмотра. Нарушается существующая согласованность между желаниями, ресурсами и производственными технологиями. Пока происходит пересмотр, ресурсы отвлекаются от производства, что менее эффективно и не так хорошо согласуется с желаниями потребителей, результатом чего становится снижение объема выпуска продукции – рецессия.

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