"Econ 102" with Noah Smith and Erik Torenberg cover image

The Macro Episode

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Macroeconomic Mysteries and Lessons Learned

This chapter explores the intricacies of macroeconomic predictions and the lessons learned from significant economic events like the Great Recession. It discusses the importance of understanding microeconomic behaviors and critiques traditional narratives surrounding financial crises, particularly focusing on the housing bubble. The conversation highlights the contributions of notable economists and the evolving landscape of economic thought within academia, emphasizing the complexities of financial institutions and their role in economic stability.

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