Some problems that economists try to solve are easy as economic problems but hard as political problems.
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Some problems that economists try to solve are easy as economic problems but hard as political problems. Medical doctors face similar kinds of situations: Preventing most deaths from obesity or lung cancer is easy as a medical problem (eat less, exercise more, don’t smoke) but hard as a self-control problem. With this in mind, how is ending hyperinflation like losing 100 pounds?
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Ending hyper in flation may be seen as a largely economic problem ...View the full answer
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Related Book For 
Modern Principles Of Microeconomics
ISBN: 9781429278416
3rd Edition
Authors: Tyler Cowen, , Alex Tabarrok
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