A scuffle has broken out among some economists over the touchy topic of microfoundations, i.e. the usual formal requirement that macroeconom...
Can you spell FRAUD?
A great article in the New York Review of Books by US District Court Judge Jed Rakoff, asking pointed questions about why no executives of ...
Macroeconomics: The illusion of the "learning literature"
For many economists, prevailing theories of macroeconomics based on the idea of rational expectations (RE) are things of elegance and beaut...
Secular stagnation.... just a poor excuse?
Larry Summers recently made some waves with his proposal that maybe we're in a new era of "secular stagnation," in which low g...
Quantum dots from... coal?
For those not following along with recent physics and materials science, the newest wonder material is graphene, made of two-dimensional she...
More on Obamacare.. Oh Man...
Something a little weird happened with my latest Bloomberg column , which appeared last Monday only to disappear pretty much instantaneously...
Brad DeLong -- sensible thoughts on "microfoundations"
The one thing about modern macroeconomics that I find really hard to comprehend is that theorists seem to jump through hoops to get models w...
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