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Fri, 2013-05-10 19:02 — Maeryn Obley
Image: Article illustration by Brett Ryder
economist.com - July 16th 2009
Robert Lucas, one of the greatest macroeconomists of his generation, and his followers are “making ancient and basic analytical errors all over the place”. Harvard's Robert Barro, another towering figure in the discipline, is “making truly boneheaded arguments”. The past 30 years of macroeconomics training at American and British universities were a “costly waste of time”.
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