The article “Underwater Recession” authored by Economic Science Institute’s Professors Steven Gjerstad, Vernon L. Smith and, Graduate of the Economic Systems Design program, Joy Buchanan will be published in The American Interest: Policy, Politics & Culture’s May/June 2012 issue.

“The U.S. economy is stuck in a painfully slow recovery. Neither accommodative monetary policy nor fiscal stimulus has done the trick in generating robust growth, and no one seems to really have a grasp on why. We propose an explanation for why they have not been working, and on that basis we will explicate a feasible path to renewed robust growth.” You can continue reading the article online!