Here.
I’m a bit worried, however, Michael Spence has not gotten the memo — i.e. he seems yet to internalize the seminally consequential scientific insight recently re-advertised by David Laidler that “a monetary economy has .. properties that cannot be analyzed using the tools of Arrow-Debreu style equilibrium modeling.”
Spence says,
the good news is . . . → Read More: Michael Spence on Where Macroeconomics Goes From Here
