Monday, June 26, 2006

Typical microeconomist bigotry 

Commenting on Greg Mankiw's ten principles, Craig Newmark says "note that seven are micro and only three are macro." True only if you think all of international trade theory is micro. And all ten pre-date Keynes except for the last, which is the one some of us still find controversial. We all bow before totems, after all.
Thus if a Micro-Econ is asked why the Micro do not intermarry with the Macro, he will answer: "They make a different modl," or "They do not know the Micro modl." (In this, moreover he would be perfectly correct, but then neither, of course, would he know the Macro modl.)