He is an excellent economist of unimpeachable analytical credentials. He has decided that he is happier at the New School than at M.I.T.
Well, I'm hard to provoke because I can relate to Lance.
I long ago decided that my ideal job would be either Chair of an interdisciplinary major, or a joint appointment in history and economics. But interdisciplinary majors--because they lack senior faculty to lobby for them--have teeny weeny budgets. And history departments are now... shall I say relatively unfriendly to people who believe that you ought to try to count things and to presume that social being determines social consciousness.
>
>Another form of this came
>out in firms utilizing macro forecasting, to the effect that the
>newer people coming out of blue-chip departments weren't very
>useful because they couldn't do actual modelling, or because most
>macro modelling in the business world remains Keynesian.
As I believe Larry Meyer said in the _New Yorker_, the victory of Robert Lucas over the Keynesians at the end of the 1970s deprived him of any competition in the serious macroeconomic forecasting business for two decades...
Brad DeLong