Krugman on Useful Macroeconomic Models

Brad Delong reposts an essay by Paul Krugman, which I believe was written before the crisis.  In this short piece, Krugman attempts to summarize useful macroeconomic models and laments that they have fallen out of fashion.

If you are interested primarily in modeling outside of economics, this Krugman is more useful, but both are definitely worthwhile.

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