Economic inquiry, especially in macroeconomics, benefits from recessions in that they focus attention on questions in the field. As an example, note how many prominent macroeconomists are Argentinian.
(Thanks to Mark Showalter for sending me this.)
Positive externality from recession (for economists)
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Authors
- Richard W. Evans is an Assistant Professor of Economics at Brigham Young University
- Jason DeBacker is a Washington, D.C. economist.
