Daniel Murphy

Resources are limited, and business and government compete for them … or so goes conventional wisdom and widespread economic theory. Does it hold up in the real world? Professor Dan Murphy’s research, presented at the IMF’s annual research conference, investigates government spending and its effect on the private sector.

Is it possible for economic growth to make some people worse off? If so, under what circumstances?

Darden Professor Dan Murphy believes that, in a recession, pro-savings policies should in fact be turned upside down — just for a time — to account for the macroeconomic situation.