History of Economic Thought

    Understanding how economists conceived of the economy and of economic problems in different periods and settings allows current economists to resurrect valuable theoretical insights. These inform a new economic thinking that responds to the challenges of our own time.

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    Methodological Problems in Macroeconomics: Curriculum and Computers

    The financial crisis of 2008, and the subsequent worldwide economic depression and continuing dislocation, have made little to no impression on the way macroeconomics is taught at the university level, from Economics 101 through graduate school. It has been “business as usual’, which (it seems to me) means an almost studious avoidance of any attempt to acquire knowledge of how monetary economies actually work. Read more