Best Few Sentences I Read Today, Macroeconomics Edition
10 September 2008 at 5:13 pm Peter G. Klein 1 comment
| Peter Klein |
Olivier Blanchard, writing on “The State of Macro[economics]”:
The editors of this new Journal asked me to write about “The Future of Macroeconomics.” Nobody should accept such a task. One can forecast the near future with some confidence: Research technology is largely Austrian in nature, with output following inputs later in time. One can see the various teams at work, and thus be confident that, sooner or later, they will succeed. But it is nearly impossible to forecast beyond that.
The paper is generating quite a lot of blogospheric buzz. Mark Thoma has posted a chunk for readers lacking NBER access. In case you’re wondering, no, the Austrian theory of the business cycle is not part of Blanchard’s anticipated future.
BTW I have not been able to figure out which journal this paper was written for. Does anybody know?
Entry filed under: - Klein -, Austrian Economics, Methods/Methodology/Theory of Science.
Organizations and Markets 
1.
Per Bylund | 10 September 2008 at 7:55 pm
The foot note on the first page of the downloadable SSRN version of the paper says that it is prepared for the Annual Review of Economics. And it says on the Annual Review of Economics web site that it is planned for publication in September 2009.