Most younger economists have simply avoided macroeconomics entirely, or--if they do work on macroeconomic issues--they choose safe topics such as long-run growth, avoiding the academic minefield of business cycle research.
Young economists pick safe subjects like long-run growth because they are learned in colleges.
mnli hypothesis: Young economists pick safe subjects like long-run growth because they are learned in colleges. premise: Most younger economists have simply avoided macroeconomics entirely, or--if they do work on macroeconomic issues--they choose safe topics such as long-run growth, avoiding the academic minefield of business cycle research.