Chapter 6 of 6

Chapter vi · Now and next

The arguments still open.

In the year to June 2022 American consumer prices rose 9.1%, the most since 1981, and economists still argue over how much demand, supply and company profit margins each contributed. William Nordhaus shared the 2018 Nobel for building climate change into long-run macroeconomics, and economists now ask whether AI will raise productivity and who will gain. In 2014 student groups from over 30 countries asked universities to teach a wider range of theories and methods.