And replace it with what... DiD and reg x y -robust?
Econtwitter is populated by people who should really find a different line of work.
They should replace it with more applied courses and economic history.
Meanwhile over on Econtwitter...
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I learned ZILCH about macro from first year. Just some techniques. There isn’t a single thing we know for sure in macro besides that printing loads of money leads to inflation (maybe). It’s amazing how arrogant macro people are. Very ironic.
When I overhear my macro colleagues working on a paper, they come up with some assumption to solve a complicated model and then talk for 30 minutes about how to justify/sell it. Sure sounds like an approach that will lead to knowledge.
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I learned ZILCH about macro from first year. Just some techniques. There isn’t a single thing we know for sure in macro besides that printing loads of money leads to inflation (maybe). It’s amazing how arrogant macro people are. Very ironic.
When I overhear my macro colleagues working on a paper, they come up with some assumption to solve a complicated model and then talk for 30 minutes about how to justify/sell it. Sure sounds like an approach that will lead to knowledge.tell us again about the revolutionary knowledge your research generates
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I have a Phd in Appied Econ and almost had a regular econ degree (long story). The reason I chose Applied is due to my lack of interest in Macro.
That said, I still believe that my understanding of economics as a field would be incompleted if not taking Macro. And that also helps with teaching.
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I learned ZILCH about macro from first year. Just some techniques. There isn’t a single thing we know for sure in macro besides that printing loads of money leads to inflation (maybe). It’s amazing how arrogant macro people are. Very ironic.
When I overhear my macro colleagues working on a paper, they come up with some assumption to solve a complicated model and then talk for 30 minutes about how to justify/sell it. Sure sounds like an approach that will lead to knowledge.tell us again about the revolutionary knowledge your research generates
I know that demand is downward sloping, supply is upward sloping and now shifts in these curves change prices, quantities and welfare. I can also assess how different regulations like price ceilings and floors affect all of the above.
Tell me one thing you know about macro.
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I think this is a reasonable backlash against the state of macro.
A lot of people agreed with Romer's article that modern macro is "Post-Real" bulls**t. They aren't complaining that its "too hard" but that it doesn't teach them anything useful or meaningful about the world
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I learned ZILCH about macro from first year. Just some techniques. There isn’t a single thing we know for sure in macro besides that printing loads of money leads to inflation (maybe). It’s amazing how arrogant macro people are. Very ironic.
When I overhear my macro colleagues working on a paper, they come up with some assumption to solve a complicated model and then talk for 30 minutes about how to justify/sell it. Sure sounds like an approach that will lead to knowledge.That's not a reason to skip macro. We know macro is important, it's just very hard to understand. If anything, that means we should spend more time studying it so there will be more breakthroughs that lead to more understanding.
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I learned ZILCH about macro from first year. Just some techniques. There isn’t a single thing we know for sure in macro besides that printing loads of money leads to inflation (maybe). It’s amazing how arrogant macro people are. Very ironic.
When I overhear my macro colleagues working on a paper, they come up with some assumption to solve a complicated model and then talk for 30 minutes about how to justify/sell it. Sure sounds like an approach that will lead to knowledge.tell us again about the revolutionary knowledge your research generates
I know that demand is downward sloping, supply is upward sloping and now shifts in these curves change prices, quantities and welfare. I can also assess how different regulations like price ceilings and floors affect all of the above.
Tell me one thing you know about macro.I don't actually know anything about macro. It just makes me feel good to spout the same nonsense everyday. meh
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I learned ZILCH about macro from first year. Just some techniques. There isn’t a single thing we know for sure in macro besides that printing loads of money leads to inflation (maybe). It’s amazing how arrogant macro people are. Very ironic.
When I overhear my macro colleagues working on a paper, they come up with some assumption to solve a complicated model and then talk for 30 minutes about how to justify/sell it. Sure sounds like an approach that will lead to knowledge.That's not a reason to skip macro. We know macro is important, it's just very hard to understand. If anything, that means we should spend more time studying it so there will be more breakthroughs that lead to more understanding.
When a field hasn’t delivered in 50 years, the answer is: scale it back or delete it completely. Not hit your head even harder against the wall.