Must-Read: I read this as saying, in one respect: “the neoclassical synthesis, and the resulting decision by MIT Keynesians to focus on the errors of Cambridge Keynesians and to build bridges not to them but to Chicago monetarists was, in retrospect, a big mistake”. I remember Larry saying in, I think 1981, “there are a … Continue reading Must-Read: Olivier Blanchard and Lawrence Summers: Rethinking macro stabilization: Back to the future