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Saturday, June 11, 2016

Macroeconomics, Fantasy, Reality, and Intellectual Utility…

Brad DeLong:

Macroeconomics, Fantasy, Reality, and Intellectual Utility…: A very nice overview piece this morning from smart young whippersnapper Noah Smith:
Noah Smith: Economics Struggles to Cope With Reality: "Four different activities... go by the name of macroeconomics... But they actually have relatively little to do with each other.... Coffee-house macro.... Finance macro.... Academic macro.... Fed macro....
However, I think he has picked the wrong four. ...

    Posted by on Saturday, June 11, 2016 at 09:34 AM in Economics, Macroeconomics | Permalink  Comments (46)


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