Thus The New York Times today. “Developers said they had slowed construction as the government released discouraging data,” elaborates the newspaper. What a stunning piece of news, this! Or am I only an inveterate construction economist? Put differently, is it possible that the rôle of construction in the business cycle is still such a mystery to the readers of one of the leading newspapers on the planet? Obviously, the sector leads both the downturn and the upturn of economic activity, and especially in a country like China, which is still building its productive capacity at a clip. Unfortunately, this appears to be an item that has not yet reached introductory courses in economics on offer at universities across the globe, including America at its forefront. This is where construction is still not recognized as the economy’s flywheel. Alas, the work of so many construction economists, including my own, has been entirely in vain!