Barbara Bergmann of the University of Maryland and American University provides a political economy hypothesis to explain Brad Delong's mystery: The pain has a purpose, namely, higher profits.
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Comment on DeLong: The Pain Has a Purpose, Namely, Higher Profits
Barbara R. Bergmann1
1University of Maryland and American University
Citation Information: The Economists' Voice. Volume 8, Issue 1, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1841, March 2011
Publication History:
- Published Online:
- 2011-03-30
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