4 ms·
Fyi, modern macroeconomics is essentially a flavour of microeconomics. They call it microfoundations for macro. They share all the important formalisms like gen
by t_mann 4y ago
Fyi, modern macroeconomics is essentially a flavour of microeconomics. They call it microfoundations for macro. They share all the important formalisms like general equilibrium. Macro is just where the inadequacies of that formalism are most evident because it gets the most attention outside academia.
- worik 4y agoThat is a style of teaching, and a wee bit ideological. Not a description of "modern macroeconomics"