Our debts are manageable, but only if we take a long-run perspective.
Seen from a long-run perspective, however, these are at best temporising moves.
Or (assuming retirement account investments outperform yields on government debt, as they they have historically) even a deficit-financed tax cut might be a cheaper way to provide liquidity to individuals, from a long-run perspective.
Lecturer Alan Fernihough says the economic history module added to the course at Queen's University Belfast "gives students a long-run perspective on economic conditions and helps contextualise the recent state of the global economy".
The Marshall Plan was, of course, designed to support the objectives of the United States, but the thinking behind it had a long-run perspective, was sensitive to the national feelings and preferences of those whose "hearts and minds" were to be won, and emphasised larger public interests over narrow corporate ones.
In particular human capital accumulation is a critical component and, therefore, improvements in the educational system are key from a long-run perspective.
Third, from a long-run perspective (using macro data), we show that openness to international trade and improvements in the quality of governments have been associated with decreases in the public wage gap.
First, of the cross section of gaps estimated with micro data, next by exploiting the variation witnessed in the recent financial crisis, and, finally, adopting a long-run perspective.
Further, a particular difficulty in conducting economic evaluation with new service developments is ensuring that they are fully utilised, 24 particularly when conducting analysis from a long-run perspective, as here.
It should also be noted that, because of the use of a long-run perspective in the analysis, set up costs, which may, in the short-term be important in a financially constrained service, are not included here.
In the long run, technology's costs and effects can indeed be expected to reach or approximate a steady state, so from a long-run perspective, the modus operandi of the standard CEA seems very justifiable.
