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David Colander
4 quotes
“Colander: What’s your view of the New Keynesian approach? Tobin: I’m not sure what that means. If it means people like Greg Mankiw, I don’t regard them as Keynesians. I don’t think they have involuntary unemployment or absence of market clearing. It is a misnomer to call Mankiw any form of Keynesian. Colander: How about real-business-cycle theorists? Tobin: Well, that’s just the enemy.”
David Colander (1947–2023) first seen 1999 wikiquote, CC BY-SA 4.0 source
Recorded in: David Colander, "Conversations with James Tobin and Robert J. Shiller on the “Yale Tradition” in Macroeconomics", Macroeconomic Dynamics (1999), later published in Inside the economist’s mind: conversations with eminent…
“In complexity economics one is not searching out the truth; one is simply searching for a statistical fit that can be temporarily useful in our understanding of the economy.”
David Colander (1947–2023) first seen 2000 wikiquote, CC BY-SA 4.0 source
Recorded in: David Colander, Complexity and the History of Economic Thought, Routledge, London and New York, 2000, p. 6.
“In reading the economics journals and talking with newly-minted PhDs, it is as if Keynesian economics never existed.”
David Colander (1947–2023) first seen 2002 wikiquote, CC BY-SA 4.0 source
Recorded in: [David Colander, “Functional Finance, New Classical Economics and Great Great Grandsons” (2002).
“Keynes is dead; dynamic programming; Keynes is still dead. That’s the way Stanford graduate economics students recently summed up what they had learned in their core graduate macroeconomics course.”
David Colander (1947–2023) first seen 2009 wikiquote, CC BY-SA 4.0 source
Recorded in: David Colander, "The Keynesian Method, Complexity, and the Training of Economists" (2009)