Building a science of economics for the real world
Subtitle: hearing before the Subcommittee on Investigations and Oversight, Committee on Science and Technology, House of Representatives, One Hundred Eleventh Congress, second session, July 20, 2010
Publisher: U.S. G.P.O.; For sale by the Supt. of Docs., U.S. G.P.O.
Published: 2010
Place of publication: Washington
Language: eng
Number of pages: 66
ISBN-13: 9780160873911
Subjects: Macroeconomics; Mathematical models; Econometric models; Global Financial Crisis, 2008-2009; Economic forecasting
Description: Examines "the promise and limits of modern macroeconomic theory in light of the current economic crisis ... Economic analysis is used to inform virtually every aspect of domestic policy. If the generally accepted economic models inclined the Nation's policy makers to dismiss the notion that a crisis was possible, and then led them toward measures that may have been less than optimal in addressing it, it seems appropriate to ask why the economics profession cannot provide better policy guidance. Further, in an effort to improve the quality of economic science, should the Federal Government consider supporting new avenues of research through the NSF?"--P. 3.
Notes: Distributed to some depository libraries on microfiche.

Shipping list no.: 2011-0127-P.

"Serial no. 111-106."

Includes bibliographical references.

Also available online via FDsys. Address: http://www.gpo.gov/fdsys/pkg/CHRG-111hhrg57604/pdf/CHRG-111hhrg57604.pdf.