Status Updates From The Structure of Production

The corpus of contemporary macroeconomic modeling is excessively aggregative, too abstract, and ultimately deficient as a way of analyzing the inner workings of a constantly changing economic landscape. The conventional "neoclassical" models seem almost helpless in rescuing the economy from fundamental structural defects which have built up over the past fifty years, created by ruinous and vacillating policies. . .

The corpus of contemporary macroeconomic modeling is excessively aggregative, too abstract, and ultimately deficient as a way of analyzing the inner workings of a constantly changing economic landscape. The conventional "neoclassical" models seem almost helpless in rescuing the economy from fundamental structural defects which have built up over the past fifty years, created by ruinous and vacillating policies. . ."