"The macro-principles textbooks don’t represent our field well. Little of the exciting work that’s been done by this group has made its way into undergrad textbooks. That’s probably inevitable. But it leads to a real misunderstanding about what macroeconomists do – both among lay-people and among economists in other fields. I hope that some of our gifted textbook writers rectify that situation soon!"
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Narayana Kocherlakota, "Some Thoughts on Modern Macro" (2009)
https://en.wikiquote.org/wiki/Economics_textbook
Revision History
No revisions have been submitted for this quote.
Categories
Economics textbook
9 quotes on TrueQuotesView all quotes by Economics textbook →
Related Quotes
"My colleague Samuel Bowles used to say that there are two types of economist: the Priest and the Engineer. The Priest…"
"It is deeply unfair to blame textbook economics either for the crisis or for the poor response to the crisis. The man…"
"More than a decade ago, when Robin and I began writing the first edition of this textbook, we had many small ideas: p…"
"Even when Econ 101 is right, that doesn’t always mean that it’s important – certainly not that it’s the most importan…"
"In our standard economics textbooks and in our modern political debates, laissez-faire is the default rule; anyone wh…"
"I don’t care who writes a nation’s laws—or crafts its advanced treaties—if I can write its economics textbooks."
"Teaching Econ 101 students theory after theory after theory leaves them with the impression that they could have just…"
"Evidence is given, but it is relegated to a brief aside. The kids don't see the data for themselves. They don't learn…"
"The most obvious negative feature of capitalism is that it can produce private monopolies that restrict output and th…"
"Severe inequality undermines political stability, and political stability is foundational for financial market develo…"