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
I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics. George Akerlof bobfocusmacroeconomic Change image and share on social
Keynesian economics has always been needed. George Akerlof economicskeynesianneed 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
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
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
