Simon Wren-Lewis has a piece discussing the microfoundations of macroeconomic models. This provides me with an excuse to go off at a slight tangent: my point being why I don't think that macroeconomic ...

In my academic field of Generalized Darwinism, life sciences companies roam the healthcare ecosystem like animals in a jungle. And like animals, these firms only survive if they have the capabilities ...

Some response to feedback I got on yesterday’s microfoundations post. Some microfoundations fans seem to feel that the “Lucas Critique” has some special properties that lead to the conclusion that ...

This is about a million years late in blog time, but last week there were a range of interesting blog posts about the quest to provide “microfoundations” for macroeconomic theory. As someone who took ...

If you want to change in 2023, sweat the small stuff The new year always fills me with hope and ambition. If you’re like me, you probably enter 2023 with plans to revitalise and change how you make an ...

MAINSTREAM macro models fail to represent some of the most basic realities of the financial system. One reason is that doing so is hard. Another is that for a long time it did not seem to make much ...

Zelleke, A. "Review of Corporate Governance and Firm Organization: Microfoundations and Structural Forms edited by Anna Grandori. Oxford University Press, 2004." Corporate Governance 13, no. 4 (July ...

Rotemberg, J. J. "The New Keynesian Microfoundations." NBER Macroeconomics Annual 2 (1987): 69–104.

A key issue the National Food Security Act will have to resolve is reducing leakages from the Public Distribution System (PDS) without compromising basic food entitlements, at least to the poor. An ...