tag:blogger.com,1999:blog-7905515.post551398372482691500..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Kocherlakota Praises Macro, LeavesEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7905515.post-21218404128885778962009-10-06T15:04:52.722-05:002009-10-06T15:04:52.722-05:00@ Noah
Great! More scholastics. How many ange...@ Noah <br /><br />Great! More scholastics. How many angels can dance on the head of that multiplier?But What do I Know?noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-90137281032611931672009-10-06T05:50:43.847-05:002009-10-06T05:50:43.847-05:00I second Noah, graduates in econ are opting for Ma...I second Noah, graduates in econ are opting for Macro in continental Europe in very high proportions. Btw the first-job market for econ grades is healthy in W.EU so there's more than opportunity cost at work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-79204394384921398422009-10-05T09:57:44.579-05:002009-10-05T09:57:44.579-05:00Plenty of early-20th-century physicists left pure ...Plenty of early-20th-century physicists left pure research to work on government engineering projects (e.g. Oppenheimer, Teller).<br /><br />But be that as it may, Kocherlakota is an old guy who is, let's face it, not going to do much in the way of revolutionary research. It would be more interesting to look at whether grad students at top universities are moving into or out of macro.<br /><br />At my university (University of Michigan, not a "top" school but no slouch either), macro - especially behavioral macro and financial macro - is the hot new thing for grad students, thanks to the crisis.Noah Smithhttps://www.blogger.com/profile/09093917601641588575noreply@blogger.com