Mark Thoma - Reform and Restructuring of the Financial and Non-Financial Sectors

The transcript discusses the challenges and potential solutions in modern macroeconomics, focusing on the need to address issues within the DSG models, such as aggregation problems and the integration of financial and real sectors. It also highlights the importance of developing better regulation models and explores the possibility of adopting new theoretical approaches, including complexity, networks, and reflexivity.

What role do networks and complexity play in modern macroeconomic theory?

In what ways might models from the softer sciences contribute to macroeconomic theory?