The (Many) Things Macroeconomists Don't Know
Harvard Business Review
MARCH 23, 2012
Another quote: " Rational expectations theory has brought macroeconomics a long way. Schlefer is a former alt-weekly columnist and editor of MIT's Technology Review who quit journalism to get a Ph.D Buuut "atomistic rational agents [the figures that populate DSGE models] don't capture behavior during a crisis."
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