What do others think about Paul Romer’s worries… (II)

The discussion on Paul Romer’s “The Trouble with Macroeconomics” continues in the blogosphere, and Simon Wren -Lewis’s “Paul Romer on macroeconomics” is one of the Must-Reads. In his comments, Wren-Lewis said that Romer’s view is extremely valuable. He agrees with Romer that macroeconomists obsessed with the microfounded model, and this … …Click to read the whole thing…

Scott Sumner on Market Monetarism and Macroeconomics

This is the second installment of our interview series “Where is the General Theory of the 21st Century?“. In this second installment, we continue our discussion with Prof. Scott Sumner, the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University, where he is the … …Click to read the whole thing…

Scott Sumner on Midas Paradox and the Great Depression

Welcome! This is the first installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of the 21st Century?” is an interview series with the aim to ask top economists a very important question: “Why haven’t economists come up with a … …Click to read the whole thing…