The Economy and the Economics Profession: Both Need Work

  title={The Economy and the Economics Profession: Both Need Work},
  author={Barbara R. Bergmann},
  journal={Eastern Economic Journal},
  • B. Bergmann
  • Published 9 January 2009
  • Economics
  • Eastern Economic Journal
We are now suffering through economic problems that are worse than those that buffeted us 35 years ago, when the Eastern Economic Association was born. Since then, we have not made a great deal of progress toward methods of observation and analysis that would make economics a truly empirical science and would provide a means to better policy. Much if not most of the profession is still mired in the traditional ways of doing micro (sitting in a chair and making it up) and macro (pretending the… 

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