"Such is the power of zombie ideas."
— Quiggin, John (b. 1956)
Author
Place of Publication
Princeton, NJ
Publisher
Princeton University Press
Date
2010
Metaphor
"Such is the power of zombie ideas."
Metaphor in Context
While it lived, the micro-based approach to macroeconomics that culminated in DSGE profoundly influence the way in which economists thought about economic systems. Even after the way the comprehensive failure of DSGE models in the Global Financial Crisis, those patterns of thought remain largely unchanged. Such is the power of zombie ideas.
(p. 106)
(p. 106)
Categories
Provenance
Reading
Citation
Quiggin, John. Zombie Economics: How Dead Ideas Still Walk Among Us. Princeton: Princeton UP, 2010.
Date of Entry
12/21/2010
