“Not really. They don’t seem to add much value. This will not shock many of you, but it should cause some reflection amongst economists. The basis for my reflection on this is the comment Brad DeLong made recently that the solution to the economic and financial crisis could be found in ideas developed in the 1930′s, and in some cases in the 1890′s. So, to the naive eye, it is worth asking what have all those economists been doing since? …” (more)
[Real-World Economics Review Blog, 9 May]