What do economies and forests have in common? A lot it seems. I
recently attended a seminar where John E. Jackson, a
professor in political science at the University of Michigan, used a
forestry analogy to detail his work studying market economies.
Jackson has spent years studying the cycles of job creation and loss, in the state of Michigan and in Poland. The similarities between the two are striking: Michigan has been struggling with the loss of jobs in large automobile companies, and Poland has struggled with the downfall of large state-owned enterprises.
Jackson has studied quarterly employment figures for every firm in Michigan over a 20-year period from 1978 to 1998, which includes the 1982-1983 recession. He divides job creation and loss into three categories, labeled for their analogous forest counterparts:
To read the full, original article click on this link: Innovation, homegrown enterprises key to growing Michigan economy - AnnArbor.com
Author:
Daryl Weinert
