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looking beyond borders

foreign policy and global economy

Archive for the tag “economic theory”

What Economists Still Need To Learn

More than a decade after the global financial crisis, macroeconomists have failed to absorb three crucial sets of lessons. Their models are still struggling – and mostly failing – to cope with disruptive change, and with the fact that both balance sheets and inequality matter.

Read Here – Project Syndicate

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Can We Do Without Economists?

When the stakes are high, it is no surprise that battling political opponents use whatever support they can garner from economists and other researchers. That is what happened when conservative American politicians and European Union officials latched on to the work of two Harvard professors – Carmen Reinhart and Kenneth Rogoff – to justify their support of fiscal austerity.

Read Here – Project Syndicate

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