Should-Read: Diane Coyle: Economics in Transition: The End of Theory

Should-Read: Diane Coyle: Economics in Transition: The End of Theory: “There has been a huge shift away from the reductionism of an older generation… to which Bookstaber has paid little attention… https://www.project-syndicate.org/onpoint/economics-in-transition-by-diane-coyle-2017-06 …His critique is partly valid…. Macroeconomic models in wide use before the 2008 crisis excluded financial institutions and relied on the fiction of … Continue reading Should-Read: Diane Coyle: Economics in Transition: The End of Theory