Unbiased Analysis of Today's Healthcare Issues

Nobel Prize in Economics

Two months ago I was standing in Stockholm’s Stadshuset (City Hall).  Soon, Thomas Sargent and Christopher Sims will be there as well.  The pair, however, will be accepting the 2011 Nobel Prize in Economics. Although I am not a macroeconomist myself, Marginal Revolution has a good description of the pair. Thomas Sargent. Christopher Sims. My […]

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What I learned in my Macroeconomics Classes

The Economist has an interesting article about the failure of macroeconomics to predict the latest downturn and what it means for the future of the profession of economics.  As one who has little faith in macroeconomics, I certainly can commiserate with the opinions of the following Ph.D. students: According to David Colander, who has twice […]

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The Economist paraphrasing Nobel laureate Paul Krugman: Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst, said Mr Krugman.

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