04 August 2011

A Dark Age of Macroeconomics




I think, is that we’re living in a Dark Age of macroeconomics. 
Remember, what defined the Dark Ages wasn’t the fact that they were primitive — the Bronze Age was primitive, too. 
What made the Dark Ages dark was the fact that so much knowledge had been lost, 
that so much known to the Greeks and Romans had been forgotten by the barbarian kingdoms that followed.
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Paul Krugman
 
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