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Know your limits

Posted By Russ Roberts On February 28, 2013 @ 12:56 pm In State of Macro | Comments Disabled

Here is my take on the state of modern macro [1] from The European Magazine. The ending:

Economics isn’t rocket science; it’s a lot harder. We should admit as much and when asked to measure things we cannot measure, we should admit our ignorance.

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[1] my take on the state of modern macro: http://theeuropean-magazine.com/974-roberts-russ/975-the-future-of-keynesianism

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