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would have subscribed to Jim Tobin's famous dictum--
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that it takes a heap of Harberger triangles to fill an Okun gap--
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or that the macroeconomic issues of recession
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and depression are terribly, terribly important relative
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to the microeconomic efficiencies
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that are a preoccupation of a very large number of economists.
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This idea, this first idea that Okun gaps exist,
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and are large,
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and are very important relative to microeconomic inefficiencies
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is one that is increasingly unfashionable today.
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Discussing them within the context of what has been called,
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although I suppose it can't be called that anymore,