Thursday, September 23, 2010

Feature Economist

Modern macroeconomic theory, known as New Keynsian macroeconomics is built on "microfoundations," which was founded by Robert Lucas, an economics professor at the University of Chicago.

He believed that economics was the true driver of history, and so he planned to fully immerse himself in economics and then migrate back to the history department

I also think that economics is the true driver of history.

Maybe microfoundations could be used in developing environmental economics as well.

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