Levy, David M.; Peart, Sandra J. - In: Journal of Economic Behavior & Organization 78 (2011) 1, pp. 110-125
Between 1960 and 1980 American economics textbooks overestimated Soviet growth. They held that the Soviet economy was growing faster than the US economy and yet they kept the ratio of Soviet–US output constant over two decades. The textbooks downplayed any uncertainty associated with such...