Monthly Archives: March 2014

Economics as engineering III: Carnegie stories

Episode I and Episode II; Background chronology of economics at Carnegie. The “economics and engineering” line of argument is part of economists’ rhetoric. While they’ve used it primarily as a metaphor to describe their practices (formalization, modeling, market design, problem solving, policy expertise), historians … Continue reading

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Macrowars, economists’ narratives, and my dreamed history of macro

Crossposted from the INET Playground Economists’ macro stories The last straw in the enduring blog debate over microfoundations has taken a decisive historical turn. Last December already, Paul Krugman gave his own account of how microfoundations came to be the 70s, and … Continue reading

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