Economics Reinvents Itself Every Few Decades. It's Happening Now
Has Austerity Been Vindicated?
A World of Interconnected Economic Problems
The Problem of Over-Optimistic Economic Forecasts
Recessions Are Getting Tougher to Predict
Do Longer Expansions Lead to More Severe Recessions?
Noah Smith highlights the underlying challenges faced by Macroeconomists:
“Economies are so complex that there is no such thing as a perfect macroeconomic theory. They all make simplifications, and they all have limits beyond which the theories stop applying.”