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The Rise of Mesoeconomics
The digitalization of economic life and real-world data has opened up new possibilities for the study of the economic networks, regions, and sectors that ultimately determine how economic policies play out in the real world. Such modes of thinking will be crucial for economic policymaking in a new age of geopolitical risk.
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CAMBRIDGE – In 1950, George A. Lincoln of the US Military Academy’s Department of Social Sciences published Economics of National Security: Managing America’s Resources for Defense, in which he and his colleagues distilled the lessons learned, often belatedly and painfully, from industrial mobilization during World War II. But in a second edition just four years later, Lincoln offered a “complete revision” to take account of the additional lessons learned from the “partial mobilization” for the Korean War.