From its origins, classical macroeconomic theory has rested heavily on Walrasian foundations—markets clearing through price adjustments and equilibrium emerging across interlinked markets. Post‑Walrasian Macroeconomics, however, represents a response to and departure from that orthodoxy, particularly the Dynamic Stochastic General Equilibrium (DSGE) model that came to dominate macroeconomic discourse at the end of the 20th century. Instead, it seeks to craft a richer, more nuanced understanding of real economies—one that embraces complexity, institutions, evolving expectations, and computational methods beyond the neat, equilibrium‑focused paradigm.
Read MoreI’ve been thinking about time recently. In economics and finance, time is central to our analysis. Most of the information we care about, after all, is spread and dispersed across time. As a result, the way we embed our models with information, and how we sort and organize that information, is often a question of time. The information embedded in time is powerful, often overwhelming.
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