I'm not sure if this is the correct section of the board to post under, but as a recently graduated economics/statistics major, I've always regarded microeconomics as a science. However, most wouldn't regard economics at the macro level in the same way, and some jokingly don't even consider it 'pure economics.' At the very least, it is a branch in academia that utilizes empirical data.
What are people's thoughts on the different schools of macroeconomic thought? Most Universities in the United States focus on teaching Keynesian or post-Keynesian theories, and many of his monetary policies are reflected in the current government of the US. I don't want to turn this into a political debate, but I'm curious to hear what you guys think. Austrian, Chicago, Keynesian, or some mix in-between? ...and why?
What are people's thoughts on the different schools of macroeconomic thought? Most Universities in the United States focus on teaching Keynesian or post-Keynesian theories, and many of his monetary policies are reflected in the current government of the US. I don't want to turn this into a political debate, but I'm curious to hear what you guys think. Austrian, Chicago, Keynesian, or some mix in-between? ...and why?