Must-Read: Paul Romer (2016): The Trouble With Macroeconomics: “For more than three decades, macroeconomics has gone backwards… https://paulromer.net/wp-content/uploads/2016/09/WP-Trouble.pdf …The treatment of identification now is no more credible than in the early 1970s but escapes challenge because it is so much more opaque. Macroeconomic theorists dismiss mere facts by feigning an obtuse ignorance about such simple … Continue reading Must-Read: Paul Romer (2016): The Trouble With Macroeconomics