On the State of Macro

Amidst all the battering that macroeconomics has been taking in the blogosphere, here is a more detached - and in my view, realistic - looking-back (by Prof. Kocherlakota at UMN).

HT: Greg Mankiw's blog

Update: The number of articles can almost make a mini-anthology now. May be useful later now (including ones on efficient markets / state of financial economics) :

1. Darren Acemoglu's (MIT) - one of the first one

2. Krugman's tirade: Mistaking Beauty for Truth

3. Cochrane's response

4. Krugman on 'fresh' rage

5. Mark Thoma's compilation

6. David Laidler at Western Ontario

7. From the Economist: On Macro; On financial economics; Robert Lucas's piece; Lucas roundtable

8. From the Economist 2: What went wrong with economics

9. @ VOXeu: 1

10. Mark Thoma comments on William Buiter

11. Justin Wolfers comments on Kocherlakota

12. Mark Thoma comments on Justin Fox

13. Mark Thoma on whether econometrics is any use

14. Krugman on economics' equilibrium decadence

15. Thoma comments on Economist pieces

16. Dani Rodrik (Harvard) joins in

17. Thoma comments on mathematical formalism in economics (Kaletsky)

18. Kahneman's ideas

19. Robert Levine responds to Krugman

20. David Altig at Atlanta Fed

21. The last temptation of risk - Barry Eichengreen

22. Arnold Kling agrees with Krugman

23. Econospeak disagrees with Cochrane

24. How could Brad de Long not be a part of this

25. Economics and its Discontents - economicprincipals.com

26. Robert Gordon of Northwestern