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The Economy in Perspective

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Neutrino Economics … Today’s paper announced some big news about a little particle, the neutrino, that has transformed the universe—in theory. Physicists have a conventional model that describes the operation of the universe, but they have long argued about the basic laws of subatomic particles and their attracting forces. The disagreements are so fundamental that some eminent physicists believe the universe is expanding, others that it is shrinking. The standard model decrees that neutrinos have no mass. An international team of physicists’ discovery that neutrinos do have mass (albeit very, very little) invalidates a key element of the standard model and creates a vacuum at its center.

Suggested citation: “The Economy in Perspective,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-06, pp. 01, 06.01.1998.

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