Brief Outline of Topics Covered in Lecture 20:
- The Keynesian School - John Maynard Keynes (ch. 15)
- Macroeconomics after Keynes (class notes)
- Modern Microeconomics (briefly, class notes)
- Review
Final: Thursday, March 22nd at 1:00 p.m.
Additional readings on "What's Wrong with Macroeconomics?":
- Paul Krugman: How Did Economists Get It So Wrong?
- Barry Eichengreen: The Last Temptation of Risk
- Philip Lane: Economists and the Crisis
- David Altig: Economists got it wrong, but why?
- David Laidler: Lucas, Keynes, and the Crisis
- Nick Rowe: John Cochrane, Paul Krugman, and Say's Law, again
- Brad Delong: In Which Nick Rowe Says John Cochrane Commits "Small But important" Errors...
- Free Exchange: Which caricature do you prefer?
- David Warsh: Economics and Its Discontents
- Paul Krugman: Freshwater Rage
- Brad DeLong: More Musings on the Total Intellectual Train Wreck that is Today's Chicago School...
- Free Exchange: What the economists aren't explaining
- Barkley Rosser: How Seriously Wrong John Cochrane Is
- Brad DeLong: The Chicago School's Intellectual Collapse Continued: Richard Posner Is Uranus...
- Justin Wolfers: Lucas on the Shortcomings of Modern Macro
- Malin Hu: The Curious Case of Macroeconomics
- Mark Thoma: Who Has All the Answers?
- Murat Iyigun: Johnny B. Goode
- John Quiggin: The Macro Wars
- John Quiggin: Micro-based macro-introduction
- Mark Thoma: "Did Economists Ever Get it Right?"
- Narayana Kocherlakota: Some Thoughts on the State of Macro
- Arnold Kling: On the state of macro
- Justin Wolfers: The macro wars ... or not
- Michael Roberts: About the Great Marcoeconomic Debate
- David K. Levine: An Open Letter to Paul Krugman
- Gilles Saint‑Paul: A "modest" intellectual discipline
- Stephen Cecchetti, Piti Disyatat and Marion Kohler: Integrating financial stability: new models for a new challenge
- Brad DeLong: The State of Macro: Narayana Kocherlakota Leaves Me Puzzled
- Antonio Fatas and Ilian Mihov: Did economists ever get it right?
- Robert Levine: On Krugman
- The Economist: Lucas Roundtable (Lucas)
- The Economist: What went wrong with economics
- The Economist: The other-wordly philosophers
- The Economist: Efficiency and beyond
- Cosmic Variance: Mistaking Beauty for Truth
- Mark Gertler: The State of Macroeconomics
- Willem Buiter The unfortunate uselessness of most ’state of the art’ academic monetary economics
- Mark Thoma "The Unfortunate Uselessness of Most 'State of the Art' Academic Monetary Economics"
- Tim Harford Are those who sweat the big stuff in meltdown?
- Francesco Caselli: Economists are actively engaged in seeking remedies to the crisis
- Mark Thoma Macroeconomic Meltdown?
- Daniel Kahneman: Irrational everything
- Mark Thoma: Are Macroeconomic Models Useful?
- Roman Frydman: Mathematical Formalism in Economics
- Dani Rodrik: Blame economists, not economics
- Mark Thoma The State of Macroeconomics
- George Waters: "Equilibrium and Meltdown"
- Paul Krugman and Roman Frydman: "The Gratuitous Ignorance of Many of our Economists"
- David Colander, Hans Föllmer, Armin Haas, Michael Goldberg, Katarina Juselius, Alan Kirman, and Thomas Lux The Financial Crisis and the Systemic Failure of Academic Economics
- Kenneth Arrow: Risky business
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