Where is economics going and what new branches have emerged? The Washington Post has a good article on Modern Monetary Theory, one of the ideas that has gained steam in the wake of the crisis.
The article also has two good attached graphics. The first is a tree of modern macroeconomic thought and the major economists along the way (shown below). The second is an interactive of the Federal Budget for 2013(based on projections)
A place for connecting economic news and theory to the practice of teaching economics
Showing posts with label Macroeconomics. Show all posts
Showing posts with label Macroeconomics. Show all posts
Sunday, March 11, 2012
Modern Monetary Theory
Saturday, January 1, 2011
Three Challenges to Macro
Ken Rogoff has published a proposal to the National Science Foundation "Grand Challenge" in economics. Rogoff's proposal highlights the three major challenges to macroeconomics following the economic crisis - basically, he nails it on the head.
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