Daily Archives: Tuesday, January 3, 2017

Mainstream macroeconomics in a state of ‘intellectual regress’

At the heart of economic policy making, particularly central bank forecasting are so-called Dynamic Stochastic General Equilibrium (DSGE) models of the economy, which are a blight on the world and are the most evolved form of the nonsense that economics … Read the rest of this entry »

Posted in Economics | 13 Comments