by Summary:
One year after the start of the greatest economic crisis since the Great Depression, the editor of the American Economic Review: Macroeconomics claimed that “the state of macro [theory] is good”. How could be be so deluded? Macroeconomics has been distorted by appalling scholarship and a misguided belief that macroeconomics and microeconomics should be consistent. ...
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Steve Keen considers the following as important:
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One year after the start of the greatest economic crisis since the Great Depression, the editor of the American Economic Review: Macroeconomics claimed that “the state of macro [theory] is good”. How could be be so deluded? Macroeconomics has been distorted by appalling scholarship and a misguided belief that macroeconomics and microeconomics should be consistent. ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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