Mankiw, NG (Mankiw, N. Gregory) The macroeconomist as scientist and engineer JOURNAL OF ECONOMIC PERSPECTIVES, 20 (4): 29-46 FAL 2006

[Eugene Garfield]

URL of article manuscript: 
http://www.economics.harvard.edu/faculty/mankiw/files/Macroeconomist_as_Sci
entist.pdf

Email address: ngmankiw at harvard.edu

Author(s): Mankiw, NG (Mankiw, N. Gregory) 

Title: The macroeconomist as scientist and engineer 

Source: JOURNAL OF ECONOMIC PERSPECTIVES, 20 (4): 29-46 FAL 2006 

Language: English 
Document Type: Article 

Keywords Plus: MONEY SUPPLY RULE; MONETARY-POLICY; RATIONAL EXPECTATIONS; 
OPTIMAL TAXATION; BUSINESS CYCLES; CAPITAL INCOME; MODEL; UNEMPLOYMENT; 
CONTRACTS; DYNAMICS 

Addresses: Harvard Univ, Cambridge, MA 02138 USA 

Reprint Address: Mankiw, NG, Harvard Univ, Cambridge, MA 02138 USA.
 
Cited Reference Count: 51 

Times Cited: 0 

Publisher: AMER ECONOMIC ASSOC 
Publisher Address: 2014 BROADWAY, STE 305, NASHVILLE, TN 37203 USA 

ISSN: 0895-3309 

Spanish Translation:

Email address: ngmankiw at harvard.edu

Author(s): Mankiw, NG (Mankiw, N. Gregory) 

Title: The macroeconomist as a scientist and engineer 

Source: DESARROLLO ECONOMICO-REVISTA DE CIENCIAS SOCIALES, 47 (185): 3-23 
APR-JUN 2007 

Language: Spanish 
Document Type: Article 

Keywords Plus: MONEY SUPPLY RULE; MONETARY-POLICY; RATIONAL EXPECTATIONS; 
OPTIMAL TAXATION; BUSINESS CYCLES; CAPITAL INCOME; MODEL; UNEMPLOYMENT; 
CONTRACTS; DYNAMICS 

Abstract: This essay offers a brief history of macroeconomics, together 
with an evaluation of what has been learned over the past several decades. 
It is based on the premise that the field has evolved through the efforts 
of two types of macro-economist-those who understand the field as a type 
of engineering and those who would like it to be more of a science. While 
the early macro-economists were engineers trying to solve practical 
problems, macroeconomists have more recently focused on developing 
analytic tools and establishing theoretical principles. These tools and 
principles, however, have been slow to find their way into applications. 
As the field of macroeconomics has evolved, one recurrent theme is the 
interaction -sometimes productive and sometimes not- between the 
scientists and the engineers. 

Addresses: Harvard Univ, Cambridge, MA 02138 USA 

Reprint Address: Mankiw, NG, Harvard Univ, Cambridge, MA 02138 USA. 

Cited Reference Count: 50 

Times Cited: 0 

Publisher: INST DESAROLLO ECON SOCIAL 
Publisher Address: AROAZ 2838, 1425 BUENOS AIRES, ARGENTINA 

ISSN: 0046-001X 


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