"An economist must be"mathematician, historian, statesman, philosopher, insome degree... as aloof and incorruptible as an artist, yet sometimes as near the earth as a politician." So remarked John Maynard Keynes, the great Brithish economist who, as much as anyone, could be called the father of macro"
"The art in economics lies in judging when a simplifying assumption (such as assuming a single price of pizza) clarifies our thinking and when it misleads us.Simplification is a necessary part of building a useful model: any model constructed to be completely realistic would be too complicated for an"