The importance of structure in decisionmaking

Jerry L. Jordan

Economic Commentary, 1992, issue Nov

Abstract: 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.

Keywords: Economists; Forecasting; Economic policy (search for similar items in EconPapers)
Date: 1992
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