How Liberal is UChicago?

JBStillFlying
Fri, 22 Sep 2017 03:07:25 +0000

@85bears46 - I’m not an economist so I can’t really validate DeLong’s statement. Cal’s econ dept. is considered to be very good (Cochrane - no Keynesian he - got his PhD at Cal and it’s still considered excellent as far as I know). All schools have a bias and all try to steal each other’s top faculty. That should tell you something about how much the lines have blurred over the years.

Chicago has tried to hire folks who dabble in a bit of Keynesian methods and they have a couple currently who dabble. We know UChicago macro economists - neither Keynesians nor dabblers - who have moved on to MIT and Yale. In general the methodological debates have moved on from that realm a while ago. I think there are die hards at the freshwater schools and salt waters. But most macro economists are not even working on business cycle stuff anymore. As one explained to me recently: “there are issues other than business cycle theory”.