Don't you think economist in the world should start looking at supply side issues?

supply depends on land , labour, capital fixed in short term, supply can't readily increased in short term. new machines can invented, produce more same or lesser amount of resources , innovation doesnt happen in day, research , development takes time , need @ demand side , try reduce while @ same time try increase supply as it's possible .

, reduce demand it's essential population controlled , reduced , in country india , population huge , per capitia land availability less .

hopeful , usa has started extracting oil own country , canada has discovered oil fields have huge oil reserves , means supply of oil increase , prices of oil come down , oil induced inflation can controlled , reduced . prices of commodity rely on oil transportation decrease , usa depending on own oil supplies, india can expect have oil arab countries @ economical price .

than current financial model focused on consumption side issues of problem ?

fiscal cliff issues in usa, crisis in europe , asia slowing down, don't think should remodel financial analysis affecting globe ?

views ?

Social Science Economics Next