Its not clear to me why macro-economists are rightly subject to such criticism. To me its like asking a mathematician, “If you’re so good at logical reasoning why didn’t you create the next killer app”
Understanding how the economy works and applying that knowledge to a particular task are completely different.
“If you’re so good at logical reasoning why didn’t you create the next killer app”
‘Designing the next killer app’ seems to rely heavily on predicting what people will want, which is many steps and a lot of knowledge away from logical reasoning.
So the easy answers might be:
Ben Bernanke
Mark Gertler
Micheal Wooford
Greg Mankiw
Its not clear to me why macro-economists are rightly subject to such criticism. To me its like asking a mathematician, “If you’re so good at logical reasoning why didn’t you create the next killer app”
Understanding how the economy works and applying that knowledge to a particular task are completely different.
‘Designing the next killer app’ seems to rely heavily on predicting what people will want, which is many steps and a lot of knowledge away from logical reasoning.