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28 Sep 2019
Economist Abba Lerner (1903-1982) likened the economy to an automobile traveling down a road that had traffic barriers on each side. Economist Milton Friedman (1912-2006) modified Lerner's analogy, giving it a different meaning. He said that the economic vehicle does not need a skillful driver who is continuously turning the wheel to adjust to the unexpected irregularities of the route. Which side do you tend to lean and why?
Economist Abba Lerner (1903-1982) likened the economy to an automobile traveling down a road that had traffic barriers on each side. Economist Milton Friedman (1912-2006) modified Lerner's analogy, giving it a different meaning. He said that the economic vehicle does not need a skillful driver who is continuously turning the wheel to adjust to the unexpected irregularities of the route. Which side do you tend to lean and why?
Yusra AneesLv10
28 Sep 2019
