Category Archives: math econ

Michael Spence on Where Macroeconomics Goes From Here

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 … Continue reading

Posted in Macroeconomics, math econ | 1 Comment

ELEGANT MATH VS FIELD RESEARCH — GUESS WHICH DOMINATES IN THE SCIENCE OF ECONOMICS

Economists are increasingly behaving a bit more like real scientists — such as biologists — in leaving their computer screens and going into the world doing field research. It’s a giant throwback to the research tradition of non-economist Ronald Coase, … Continue reading

Posted in math econ, Phil of Econ | Comments Off