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Annotated bibliography of Colander's methodological work

Essays on the Art and Craft of Economics

David C. Colander and Huei-Chun Su

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Applied policy, welfare economics, and Mill’s half-truths

Essays on the Art and Craft of Economics

David Colander

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Beyond DSGE Models: Toward an Empirically Based Macroeconomics

Essays on the Art and Craft of Economics

David Colander, Peter Howitt, Alan Kirman, Axel Leijonhufvud and Perry Mehrling

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Complexity Economics and Workaday Economic Policy

Essays on the Art and Craft of Economics

David Colander

Much of what filters down to standard economists about complexity economics are summaries of abstract analysis that are generally seen as having little direct impact on the workaday policy analysis that most economists do. This chapter argues that complexity theory has significant implications for workaday economic policy. Even if economists do not accept that the complexity scientific theory of the economy is ready for prime time, the complexity vision, which pictures an economy as a complex evolving system undergoing continual evolutionary change, has direct relevance for their workaday applied policy.

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CREATING HUMBLE ECONOMISTS: A Code of Ethics for Economists

Essays on the Art and Craft of Economics

David Colander

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THE DEATH OF NEOCLASSICAL ECONOMICS

Essays on the Art and Craft of Economics

David Colander

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David Colander

This paper argues that the DSGE approach to macroeconometrics is the dominant approach because it meets the institutional needs of the replicator dynamics of the profession, not because it is necessarily the best way to do macroeconometrics. It further argues that this “DSGE theory-first” approach is inconsistent with the historical approach that economists have advocated in the past and that the alternative European CVAR approach is much more consistent with economist’s historically used methodology, correctly understood.

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Huei-Chun Su and David Colander

This paper considers the debate between economists and philosophers about the role of values in economic analysis by examining the recent debate between Hilary Putnam and Sir Partha Dasgupta. It argues that although there has been a failure to communicate there is much more agreement than it seems.

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Framing the Economic Policy Debate

Essays on the Art and Craft of Economics

David Colander

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HOW ECONOMISTS GOT IT WRONG: A NUANCED ACCOUNT

Essays on the Art and Craft of Economics

David Colander

In the wake of the financial crisis of 2008, many economists have blamed economics for having failed to warn us. Paul Krugman, for example, in a well-known New York Times Magazine article, suggests that Classical economists were blinded by the beauty of mathematics, and that Keynesian economics is the path of the future. This paper argues that the evolution of economic thinking is much more nuanced than Krugman portrays it, and that instead of embracing what has become known as Keynesian economics, macroeconomists should rather re-embrace the broader Classical economic tradition, of which Keynes was an important part.