Summary:
I was a discussant on a DSGE macro model at the Malaysian Central Bank’s annual conference. Rather than discussing the nuances of the particular model, I discussed the validity of the DSGE approach itself–covering the Sonnenschein-Mantel-Debreu Theorem (SMD), Mas-Colell’s honest treatment of it, how this is an instance of emergent properties, and Robert Solow’s stinging ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
I was a discussant on a DSGE macro model at the Malaysian Central Bank’s annual conference. Rather than discussing the nuances of the particular model, I discussed the validity of the DSGE approach itself–covering the Sonnenschein-Mantel-Debreu Theorem (SMD), Mas-Colell’s honest treatment of it, how this is an instance of emergent properties, and Robert Solow’s stinging ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
|