Whoever doesn't understand Macro raise your hand
Mahalanobis: "Me: do any economists understand macroeconomics?"
Who said it?
I believe it was George Stigler who said, "I don't know a thing about macroeconomics and I thank God for it every day."
Those are my sentiments.
Who said it?
I believe it was George Stigler who said, "I don't know a thing about macroeconomics and I thank God for it every day."
Those are my sentiments.
posted by John B. Chilton at 3/14/2007 11:39:00 AM
1 Comments:
I was a not very successful macroecon forecaster for an investment bank for some years. One of my major problems was telling clients that although models had to be logically consistent, economies didn't.
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