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Welcome to the Rebuild Macro Blog
Stories and articles made for people who want to rebuild.


Is Finance ‘Fit for Purpose’?
Dirk Bezemer - Metaphors are appealing in their simplicity, but can mislead if they are framed inaccurately. Before 2007
Jul 26, 20184 min read


What do Economic Agents Know?
David Tuckett - Can we develop a reliable way to assess how the role of changing narratives influences the macroeconomy?
Jun 17, 20183 min read


The Institutions of Globalisation: Globalisation Hub Workshop Summary
Stephen Kinsella & Gavin Hassall – Globalisation is the increased interconnection of markets for goods, services, capital, labour and id...
Jun 4, 20184 min read


Where are Women in Macroeconomic Models?
Özlem Onaran - In a recent article in the Financial Times, Gemma Tetlow asked “Where are all the female economists?”
Apr 18, 20185 min read


Ergodicity: Rebuild Macro’s Instability Workshop Summary
Roger Farmer - Last Thursday on March 8 2018, Jean-Philippe Bouchaud and I held the first meeting of the Rebuilding Macroeconomics proje...
Mar 14, 20184 min read


Volatility is Back!
Stefan Lenis - Since the beginning of this year, we have experienced what some market commentators have called the “return of volatili...
Mar 12, 20184 min read


How to End Poverty with Globalisation
Stephen Kinsella & Gavin Hassall – Economists have been thinking about the economics of trade for at least two centuries. In fact, it’s...
Mar 6, 20184 min read


Mathematics, Finance & Ethics
Tim Johnson - There are three types of mathematicians: those that can count and those that can’t. This aphorism challenges the public pe...
Mar 2, 20184 min read


Of Minds & Money
David Orrell – In 2017, when the ESRC announced that it was setting up a network of experts from different disciplines to “revolutionise”...
Feb 23, 20184 min read


Rebuild Macro’s Instability Hub: An Introduction
Roger Farmer – Jean-Philippe Bouchaud and I are pleased to be leading a research hub devoted to understanding why economies...
Feb 14, 20183 min read


A Response to ‘Why Does Economics Get so Much Stick?’
Sheila Dow - Simon Wren-Lewis’s misunderstanding of my argument (The culture of expertise in macroeconomics) shows where
Jan 11, 20184 min read


Culture of Expertise in Macroeconomics
Sheila Dow - Why has macroeconomics been dominated by a particular approach for so long? Granted, mainstream macroeconomics has continued to
Jan 8, 20184 min read


How can we achieve a sustainable economy?
Ida Sognnaes -How can we achieve a sustainable economy? This was the question posed at Rebuilding Macroeconomics Sustainability hub’s...
Dec 22, 20174 min read


Macroeconomics with Human Actors?
David Tuckett – In my last blog, I wrote about how economic theory needs to be ecologically valid – meaning that it needs to model agents...
Dec 20, 20174 min read


Can Globalisation Benefit All?
Stephen Kinsella - If we are to rebuild macroeconomics, we must understand one of the fundamental forces shaping our economies.
Dec 13, 20175 min read


Do Institutional Networks Support a Monoculture in Macroeconomics?
Richard Bronk – As Mark Anthony might have said, I come to praise the standard economic paradigm and academic or practitioner networks...
Dec 11, 20174 min read


How do Macroeconomics Ideas Become Dominant?
Beatrice Cherrier -One concealed yet problematic feature of the booming “current state of macro” genre is the systematic reliance on inco...
Dec 1, 20176 min read


Do we have confidence in our economic institutions?
Jack Wright - This is the question a collection of economics-related academics and representatives from charities, think tanks, government a
Nov 24, 20174 min read


Making Sense of Chaos with the Windy-Boat
Roger Farmer – Last week my Rebuild Macro colleague Doyne Farmer, asked “Are Business Cycles Chaotic?” Doyne’s answer is....
Nov 16, 20173 min read


Are business cycles chaotic? (part I)
J. Doyne Farmer – What causes business cycles? Mainstream macroeconomics says the primary cause are “shocks”.
Nov 2, 20174 min read


Do Macroeconomists have Morals?
Laura Bear - As an anthropologist among the tribe of macroeconomists in the Rebuilding Macroeconomics network I have been impressed...
Oct 25, 20174 min read


Getting Real About Macro
David Tuckket - My ideas come from a mix of old fashioned economics, sociology, psychoanalysis and two streams of empirical research...
Oct 17, 20175 min read


Public Discussion: Can Globalisation Benefit Everyone?
Angus Armstrong - On 27th September, Rebuilding Macroeconomics held its first Discovery Meeting at The Lowry in Salford, near Manc...
Oct 10, 20173 min read


Refereeing: Do we have Confidence in Economic Institutions?
Roger Farmer - Like most academics, I spend much of my time asking for money from research councils.
Oct 2, 201712 min read
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