Relevant and even prescient commentary on news, politics and the economy.

Krugman and Waldmann

Paul Krugman notes Angry Bear Robert Waldmann in the micro/macro conversation in the New York Times: There has been an ongoing discussion in the econoblogosphere about the usefulness or lack thereof of “microfoundations” in macroeconomics, which in practice means trying to write down models in which aggregate behavior is justified in terms of the actions of […]