Liz Truss overlooked it. So did poor Kwasi Kwarteng. So did the Nobel Prize committee in awarding Ben Bernanke a share of the Nobel prize in economics last week. The “it” is an elegant and underrated academic paper that Bernanke published in 1983 titled “Irreversibility, uncertainty, and cyclical investment”. Although unmentioned by the Nobel committee, it has proved quietly influential in academic circles. Perhaps somebody should explain it to the current UK government.
利茲?特拉斯(Liz Truss)忽略了它。可憐的夸西?克沃滕(Kwasi Kwarteng)也是如此。上周,諾貝爾獎委員會在授予本?伯南克(Ben Bernanke)與他人共享諾貝爾經濟學獎時也是如此。“它”是伯南克在1983年發表的一篇優雅但被低估的學術論文,題為“不可逆性、不確定性和周期性投資”。盡管沒有被諾貝爾委員會提及,但事實證明,它在學術界悄然產生了影響力。也許應該有人向現任英國政府解釋一下。