Showing posts with label Economics v the Economy. Show all posts
Showing posts with label Economics v the Economy. Show all posts

Saturday, September 19, 2009

This Is Getting Krugly

Inflation and the VietNam War

Krugman writes:

For the late 1970s was when macroeconomics experienced its great divide. It’s a period engrained in the memory of those of us who were young economists at the time, trying to find our own paths. Yet I haven’t seen a clear explanation of what went down at the time. So here’s a sketch, which I hope a serious intellectual historian will fill in someday.