Reposted by Francisco G. Villarreal
Bob Hall and Mike Woodford fundamentally changed how economists understand the economy. They showed us how economics data falls short when we don't consider the people generating those data. newsletter.platypuseconomics.com/p/…
newsletter.platypuseconomics.com
The Most Successful Failure in Economics Just Won a Nobel Prize
Bob Hall and Mike Woodford rebuilt macroeconomics around a simple idea—to understand the sum of us, you need to understand each of us.