Posts Tagged ‘Economics’

Why the economists got it wrong in 2007-2008

In Financial competency on 23/01/2013 at 5:27 am

MAINSTREAM macroeconomics has a pretty poor reputation these days, both among the public at large and among economists in other fields. This is hardly surprising. There is little consensus on even the most basic questions in macro …

Now, several groups of economists are trying to rebuild macro, often melding previously discarded ideas with sophisticated new mathematical and computational techniques … I want to look more at the history of the field.