A Career in a Less-than-Perfect Economy

John Silvia

Business Economics, 2015, vol. 50, issue 4, 169-177

Abstract: Business economists work within the confines of an imperfect economy. Economic theory can only take us so far. A less-than-perfect economy is characterized by imperfect information, dynamic adjustments over time and economic policy inconsistencies. Forecasts and scenario analysis must account for these factors for our analysis to deliver results that will better inform both private and public decision makers.

Date: 2015
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