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Uncertainty delays investment. If only the UK government grasped this
不确定性会拖延投资:让我们做个小游戏来理解这一点

When everything is in flux, businesses will often choose to watch and wait
当一切都在变化的时候,企业往往会选择观察和等待。

Liz Truss overlooked it. So did poor Kwasi Kwarteng. So did the Nobel Prize committee in awarding Ben Bernanke a share of the Nobel prize in economics last week. The “it” is an elegant and underrated academic paper that Bernanke published in 1983 titled “Irreversibility, uncertainty, and cyclical investment”. Although unmentioned by the Nobel committee, it has proved quietly influential in academic circles. Perhaps somebody should explain it to the current UK government.

利兹•特拉斯(Liz Truss)忽略了它。可怜的夸西•克沃滕(Kwasi Kwarteng)也是如此。上周,诺贝尔奖委员会在授予本•伯南克(Ben Bernanke)与他人共享诺贝尔manbetx20客户端下载 学奖时也是如此。“它”是伯南克在1983年发表的一篇优雅但被低估的学术论文,题为“不可逆性、不确定性和周期性投资”。尽管没有被诺贝尔委员会提及,但事实证明,它在学术界悄然产生了影响力。也许应该有人向现任英国政府解释一下。

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