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The sluggish recovery of real net domestic private business investment.(Etceteras ...)(Essay): An article from: Independent Review [HTML] [Digital]

Robert Higgs

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Excerpt. © Reprinted by permission. All rights reserved.

Making sense of economic fluctuations is a daunting task. The economy comprises a gigantic set of interrelated assets, inputs, processes, transactions, and outputs, and its dimensions can be and have been measured in countless ways. If we are to speak sensibly about the economy as a whole--recognizing that almost anything we say about the whole may not apply to various subsets of it--we must carefully choose the variables that hold the most promise for helping us to understand its broad movements.


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