The Capitalism and Freedom in the Twenty-First Century Podcast cover image

Larry Summers (Harvard Economics Professor) on His Career In Academic Economics, Government, University Leadership and Corporate America

The Capitalism and Freedom in the Twenty-First Century Podcast

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Bridging Theory and Practice in Economics

This chapter explores the dynamic relationship between macroeconomic theory and its practical implications, highlighting the necessity of balancing mathematical models with real-world applicability. It critically examines current economic theories, particularly regarding inflation, and calls for improved frameworks to effectively address contemporary economic challenges.

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