I liked Noah Smith's latest free substack piece on macroeconomic theory. Not that I have any great understanding of economics, but I still get the feeling that we a living through a theoretical crisis within the field that is not widely recognised yet, probably because economists don't like to admit their academic endeavour is built on sand.
That's my working hypothesis, anyway...
1 comment:
noah writes more now he has moved to substack.
This is an interesting piece
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