September 23, 2016

False hopes

Comment on Lars Syll on ‘Wren-Lewis trivializing Romer’s critique’


From the fact that DSGE/RBC is a failed research program does not follow that Keynesianism is a progressive alternative. Axel Leijonhufvud’s critique of neo-Walrasian Orthodoxy is spot on but he, too, is moving for three decades into the wrong direction, see The economic Sisyphus: Forever kicking the can down the wrong road.

Egmont Kakarot-Handtke

Related 'No future for axiomatically false economics'.