Over at the New Republic, Bob Solow offers a thoughful review of Sylvia Nasar’s new book, Grand Pursuit: The Story of Genius. Along the way, Solow provides a characteristically clear explanation of what he views as John Maynard Keynes most important contribution: Back then [in the 1930s], serious thinking about the general state of the economy was [...]
Posts Tagged ‘Keynes’
Solow on Keynes and Uncertainty
Posted in History, Macroeconomics, tagged Keynes, Macroeconomics, Uncertainty on October 4, 2011 | 3 Comments »
Why Economists Messed Up
Posted in Economy, tagged Economics, Keynes, Krugman, Macroeconomics on September 6, 2009 | 10 Comments »
The biggest thing in economics today is Paul Krugman’s “How Did Economists Get It So Wrong?” in the New York Times Magazine. If you have any interest in macroeconomic policy, you should read it. For one thing, the illustrations by Jason Lutes are quite entertaining: More important, though, is Paul’s evaluation of how we economists missed [...]
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