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Lecture_Overview

Lecture_Overview - WebCT Folder Structure Assignments Class...

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Class Material PowerPoint Slides Syllabus Jacoby Reading Research Paper Reference List Readings not on Reserves Guidelines Projections Data Exams/Quizzes Pop Quiz Answers Exam 1 Answers Final Exam Answers Assignments INPUTS Excel Files WebCT Folder Structure Results PowerPoint Answers
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Introduction/Overview
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Famous Misjudgments about the Future “This “telephone” has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.” Western Union internal memo, 1876. “Stocks have reached what looks like a permanently high plateau.” Irving Fisher, Professor of Economics, Yale University, 1929. “We don’t like their sound, and guitar music is on the way out.” Decca Recording Company, rejecting the Beatles, 1962. “640K ought to be enough for anybody.” Bill Gates, founder of Microsoft, 1981. “The passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%.” Kristina Romer and Jared Bernstein, President Obama’s Administration, January 2009
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