ANSWERING THE HARD QUESTIONS
JOHN MAYNARD KEYNES was probably exaggerating when he insisted that "the world is ruled by little else" than the ideas of economists and political philosophers. But there is no denying the rising vitality of the science in which he specialized. Almost every individual feels the impact of economic decisions—on his job, his income, his standard of living. The increasing impact of economics has been matched by a growth in its complexities. To help penetrate and interpret those complexities, TIME has formed a Board of Economists with eight members (see...
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