Mankiw on the dangerousness of real business cycle theory
28 Jan 2020 Leave a comment
in business cycles, Edward Prescott, macroeconomics Tags: real business cycle theory
“the day I see economists form a wolf pack or use delegitimisation tactics to descend on the rightwinger who uses ec theory to justify bad public policy, or general life cynicism, rather than vs the lefty who complains about him, is the day I’ll take their claims seriously” said David Gaeber
28 Jan 2020 Leave a comment
in business cycles, Edward Prescott, history of economic thought, macroeconomics
Larry Summers commenting in 1986 on real business cycle theory at https://www.minneapolisfed.org/research/qr/qr1043.pdf
Finn Kydland on economic policy
22 Jan 2020 Leave a comment
in development economics, economic growth, economic history, economics of bureaucracy, Edward Prescott, entrepreneurship, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, income redistribution, industrial organisation, inflation targeting, international economics, labour economics, law and economics, macroeconomics, monetary economics, property rights, Public Choice, public economics, rentseeking, Robert E. Lucas Tags: game theory, real business cycle theory
Edward Prescott on the GFC
17 Jan 2020 Leave a comment
in business cycles, economic history, Edward Prescott, financial economics, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, politics - USA Tags: New Keynesian macroeconomics, real business cycle theory
Utopia, you are standing in it! 
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