It is one of the most important things for the long-run (and often short-run) success of any country.
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Moreover, a host of economic research has shown there is no long-run (and perhaps no short-run) tradeoff between inflation and unemployment.
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Democracy is now Indonesia's long-run blessing and short-term curse as President Susilo Bambang Yudhoyono, a year into his five-year term, struggles to trigger the economic growth that will salvage his populous country and, in the meantime, his own political skin.
Even with price shocks due to technological changes and rapid globalization, prices in the short-term and long-run were more stable than at any other time in American history.
President Obama had the opportunity Thursday night to propose short- and long-run steps to promote economic growth.
Getting the balance right between these short- and long-run product aspirations, and the investments required to get the field there, will be of critical importance.
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Rather, it challenges teams to make short-run and long-run resource allocation decisions in the face of a binding fiscal constraint.
Japan has had very low interest rates (both short-run and long-run) for a couple of decades, yet the economy has remained stagnant.
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To have the network overrule the manufacturer, to overrule the operating system owners, and to weaken the eco-system is short sighted and ultimately weakens the networks themselves over the long run, pushing customers to buying SIM-free handsets with no network interference.
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In the long run short-sellers, who improve liquidity and price discovery, will be wary of trading the shares of politically important industries.
You also have the employer of the programmer who has higher profits in the short-run, and lower prices in the long-run.
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The impasse between the White House and Congressional Republicans reflects fundamental disagreements about how to boost the economy in the short-term and reduce the debt over the long run.
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This leads to short-term achievement but fatigue and burnout in the long run.
They asserted with increasing self confidence that their system was superior: societies that accepted strong, even authoritarian governments and were willing to limit individual liberties in the interest of the common good, take charge of their economics, and sacrifice short-run consumer interests for the sake of long-run growth would eventually outperform the increasingly chaotic societies of the West.
While the stock has had a short-term pull back due to some increased competition, in the long run, and I recommend clients look at stocks for the long run, this is definitely a strong company, with a good plan, and possibly, even some share buybacks in its future.
Like the legal intern delivering coffee and learning what it takes to be a good lawyer, their most significant impact in the role is not achieved in a short time, but rather in avoiding being too much of a distraction in the short-term and learning how to have a real impact in the long run.
For the record, my testimony suggested a more progressive income tax as a short run palliative and more investment in education and job training as a long-term solution.
They only divert attention away from what realistically can be achieved before the next presidential election, namely substantial short-run spending reductions to federal discretionary programs and procedural changes to make long-run budget discipline possible when the time is ripe after the 2012 presidential election.
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Handouts to consumers through tax cuts and welfare spending thus make sense in the short run, so long as India's already-stretched public finances are repaired when the crisis abates.
Awkwardly, the faster that governments and companies push ahead with reforms to make labour markets more flexible and so boost long-term growth, the weaker consumer spending is likely to be in the short run.
Interestingly, while Argentina faces an energy crisis, experts think that fuel-oil imported from Venezuela cannot resolve the Argentinean energy problem in the long run and scarcely in the short run.16 It seems Kirchner has become an ally of Hugo Chavez because he feels that he represents a new spirit in Latin America.
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