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More interesting, perhaps, is the long-run implication that Virginia may no longer be a battleground state in presidential elections.
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I take a new look at the long-run implications of taxation through the lens of modern Schumpeterian growth theory.
Over the weekend, there was a kerfuffle about whether Keynesian economics ignores the long-run implications of its policies.
But consumers who are also workers need to consider its long-run implications for their own wages and living standards.
When you think that way, you have to always consider the long-run implications of short-term actions.
While creditor oversight of public funds became an asset for city-states in need of finance, Stasavage suggests that the long-run implications were more ambiguous.
While customers may benefit in the short term as these combatants beat one another into the ground, the long-run implications may be bleaker.
Before proceeding on such a path, it is worthwhile to pause and consider the long-run implications of action that precede the establishment of facts and relationships.
Technology continues to advance; resource shortages are not severe enough to pose a major constraint; climate change is terrifying in its long-run implications, but hasn't inflicted much damage yet.
Managers must think strategically about the long-run implications of short-run cost increases and be creative in finding ways to capture a competitive advantage by minimizing the effects of inflationary cost pressures on the company's strategy.
He said he would continue publishing scientific papers, but he will no longer command the computer time and other NASA resources that allowed him to track the earth's rising temperatures and forecast the long-run implications.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com