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Macro has a pretty bad reputation, but economists often point to successes of the field as a counterpoint. Noah Smith points to four areas: Matching theory, dis
by soVeryTired 9y ago
Macro has a pretty bad reputation, but economists often point to successes of the field as a counterpoint. Noah Smith points to four areas: Matching theory, discrete choice theory, gravity trade models, and auction theory [0].
Does anyone know about these topics? Are they really as successful as their proponents claim?
[0]http://noahpinionblog.blogspot.co.uk/2017/06/is-economics-science.html http://noahpinionblog.blogspot.co.uk/2017/06/is-economics-sc...
- barry-cotter 9y agoAt a push gravity trade might be considered related to macroeconomics but they're all really microeconomics, i.e. the branch of Economics that has made and continues to make progress.