Mar 19, 2013

A Little Untidy Science


source: Amazon.com
Because macroeconomics is closely related to the economic problem of the day, it does not yield its greatest rewards to those whose primary interest is abstract. Macrotheory is a little untidy at the edges. But then the world is a little untidy around the edges.
—Rudiger Dornbusch, Stanley Fischer & Richard Startz

Oh, I like this! It perfectly explains my impression on the subject. What textbooks say make sense, and I think I got it on the surface. Still, I can’t help feeling something missing; haven’t yet captured something profound, impressive, and perhaps elegant. I know it must be so given the fact that it’s always the topic at every corner of the society. This piece of wisdom has given me a new perspective for fully appreciating Macroeconomics.