Listen "'Why there will Never be a Complete Consensus in Macroeconomics: A Tale of Group Thinking and Paradigms’ by John McCombie"
Episode Synopsis
John McCombie is Emeritus Professor in Regional and Applied Economics, and Senior Emeritus Fellow of the Department of Land Economy. He is a Fellow of the Academy of Social Sciences and a Fellow of the Regional Studies Association. John is Director of the Cambridge Centre for Economic and Public Policy; Emeritus Fellow in Economics, Downing College; Director of Studies in Land Economy, Christ’s College, Downing College and Girton College. He was formerly a lecturer in Economics at the University of Hull and at the University of Melbourne. His interests are regional economics, post Keynesian macroeconomics, the causes of variations in national and regional growth rates, income inequality, trade and economic geography and the methodological implications for macroeconomics of the Great Financial Crisis. He is a consultant to the Asian Development Bank and the World Bank and was a Special Advisor to a House of Lords Subcommittee inquiring into the EU regional funds. He was a founding co-editor of Spatial Economic Analysis and a former editor of Regional Studies. He has recently published (with Jesus Felipe) a book entitled The Aggregate Production Function and Technical Change; ‘Not Even Wrong’. This presents a fundamental criticism of one of the central concepts of neoclassical macroeconomics. He is currently researching into the economic and philosophical issues (including Rawls’ ‘Justice as Fairness’ and the concept of ‘Just Deserts’) concerning the optimal degree of income inequality.
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