Having been absent from the ASSA/AEA conference for a year I am concerned about the dying of the critical retrospection following the financial crisis of 2007. While there was significant discussion of the rupture of conventional wisdom during the Great Recession there is little continued examination in that vein. Too much of the discussion is about the deficit and debt and very little about unemployment. Some panels mention inequality but few solutions challenging the limits of narrow range of policy solutions.
Currently listening to the discussion at a panel on Media and Economics and the takeaway is that the important Econ journalism is through the scholar/bloggers like Paul Krugman, Brad deLong and Justin Wolfers. Christia Freeland accepts that idea ... Econ journalism needs to challenge the conventional.
More thoughts tomorrow from the plane.
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