The importance of structure in decisionmaking

Should the economics profession be judged on its ability to predict the economy's twists and turns? Not according to Cleveland Federal Reserve Bank President Jerry L. Jordan, who argues that an economist's real contribution lies not in eliminating the uncertainties of the marketplace, but in providing a proper framework for discussing and evaluating those uncertainties.

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Year of publication:	1992
Authors:	Jordan, Jerry L.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1992, Nov, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Forecasting \| Economists \| Economic policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005390360