Economic Models Revisited
The discussion highlights the evolving understanding of economic models from the 1980s, particularly regarding capital supply and interest rates. Structural factors such as demographic changes and increased inequality suggest that low real interest rates may persist. Additionally, when advising a philanthropist in a struggling urban area, the complexities of local issues and potential solutions are emphasized.In this clip
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Conversations with Tyler
Larry Summers on Macroeconomics, Mentorship, and Avoiding Complacency | Conversations with Tyler
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