The failure of credit markets is one of the major reasons for underdevelopment. Download Download Share on Facebook Share on Twitter Rotate quotes credit failure major
In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level. George Akerlof aggregatebusinesscause share on social
In the late 1960s, the New Classical economists saw the same weaknesses in the microfoundations of macroeconomics that have motivated me. They hated its lack of rigor. And they sacked it. George Akerlof 1960sclassicaleconomist Change image and share on social
The only way we are going to ameliorate pressing social needs is through public intervention. George Akerlof ameliorateinterventionpress Change image and share on social
It's a terrifying thing to be perhaps 16 or 17 and feel like you are a failure and a has-been. Shelley Fabares failurefeelterrify Change image and share on social
A lot of people give actors credit when they gain weight for a role in a drama when they win an Oscar, but when you're doing a sitcom, people don't give you a lot of credit, because you've got to keep your weight on for five or six years if it's successful. Mike O'Malley actorcreditdrama share on social
Obviously, overall infrastructure needs on the Southwest and Northern borders are mounting. We need a major push in Congress to remedy this. Pete Domenici bordercongressinfrastructure Change image and share on social
