Selling Books in the Great Recession: An Economist's Perspective
21 Oct
1. WE’RE IN THE GREAT RECESSION. IT DOESN’T SEEM TO BE GETTING ANY BETTER.
Well, duh. A real economic analysis would back up this assertion with studies and statistics. But we don’t really need that. We all know that we’re in a bad way. If we don’t feel it in our personal lives, we can go to out local mall and look at all the empty retail space.
Is that space ever going to be filled? Beats me. In the old days, economists thought that unemployment and under-utilization of productive capacity were short-term phenomena. Everything would be cool in the long run.
