Wednesday, December 19, 2012

The rotten state of economics

"Something (Everything) Rotten in the State of Macro" says Paul Krugman on his blog. You don't say.

He takes a swipe at freshwater economists, but in just the same way has a complete inability to see any problems or limits with his own views. The profession turned into a sneering cult of irrelevant models, and he was part of that.


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