Search

Article Information


Old Economic Logic in the New Economy
Tyson, Laura D'Andrea
41/4  (Summer 1999): 8-16

The unusually strong performance of the American economy has prompted a debate about whether there is a "new economy." However, the real debate is not whether the American economy has changed-it clearly has-but rather whether these changes have fundamentally altered the historical relationship between inflation and unemployment or have affected the economy's maximum rate of growth. While technological advances and globalization do appear to have created the potential for better economic performance, sound domestic and international economic policies remain essential.

 

California Management Review

Berkeley-Haas's Premier Management Journal

Published at the University of California for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

Learn more
Follow Us