“Underwater Recession” By Joy A. Buchanan, Steven Gjerstad, & Vernon L. Smith
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