Reviving Economics

Dedicated to dismantling the Ivory Tower and attempting, in some small way, to help revive the social science of economics.

Friday, July 29, 2011

Media's definition: 2 consecutive quarters of negative GDP growth
Economists' definition: Whenever the NBER says so....
And then there's reality:

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Garth A Brazelton: Indianapolis, IN; I work for the Indiana Economic Development Corporation as the Director of Operations and Business Systems, and I teach macroeconomics at Indiana University (Indianapolis). Previously, I was an Economist at the US DOT in Cambridge, MA. This blog does not represent the opinions of any of these organizations.

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