Modeling Extreme Instability

By Shani Schechter | Mar 27, 2015

Coming Soon

Macro Time Separation

Early Keynesians’ dogged quest for policy relevancy was greatly abetted by their practicality. Whenever microfounded macro theory capable of providing useful advice was not available, they were...
Where Economics Went Wrong

I was attracted to the title. Not wanting to commit too quickly, I turned to SSRN and found Marianne Johnson’s review of Collander and Freedman’s Where Economics...
Lessons from the 20th Century

Bill Gates’ insightful review of Yuval Noah Harari’s 21 Lessons for the 21^st Century (2018) stimulated this post. From the book’s introduction: “What are today’s greatest challenges...
Power of Generalized-Exchange Modeling in 470 Words

Generalized-exchange theory is rooted in optimization and equilibrium, aligns with the relevant evidence, and is consistent the detailed descriptions provided by practitioners. It is a vastly more...

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