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- Saltwater_and_freshwater_economics abstract "The terms 'freshwater' and 'saltwater' were first used in reference to economists by Robert E. Hall in 1976, to contrast the views of these two groups on macroeconomic research. More than anything else it was a methodological disagreement about to what extent researchers should employ the theory of economic decision making and how individuals and firms interact in markets when striving to account for aggregate ("macroeconomic") phenomena.This new approach to macroeconomics was centered in the faculties of Carnegie Mellon University, the University of Chicago, the University of Minnesota, and the University of Rochester. They were called "freshwater school" because Pittsburgh, Chicago, Rochester, and Minneapolis are located nearer to the Great Lakes.The established methodological approach to macroeconomic research was primarily defended by economists at the universities and other institutions located near the east and west coast of the United States. These universities included University of California, Berkeley, Brown University, Harvard University, University of Pennsylvania, Princeton University, Columbia University, MIT and Yale University. They were therefore often referred to as the saltwater schools. Each school influenced the other, and many central tenets of the freshwater school were integrated into mainstream economics.In many respects, the saltwater-freshwater dichotomy no longer holds true. In his overview article from 2006, Greg Mankiw writes:An old adage holds that science progresses funeral by funeral. Today, with the benefits of longer life expectancy, it would be more accurate (if less vivid) to say that science progresses retirement by retirement. In macroeconomics, as the older generation of protagonists has retired or neared retirement, it has been replaced by a younger generation of macroeconomists who have adopted a culture of greater civility. At the same time, a new consensus has emerged about the best way to understand economic fluctuations. [...] Like the neoclassical-Keynesian synthesis of an earlier generation, the new synthesis attempts to merge the strengths of the competing approaches that preceded it.".
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- Saltwater_and_freshwater_economics wikiPageWikiLink Bounded_rationality.
- Saltwater_and_freshwater_economics wikiPageWikiLink Brown_University.
- Saltwater_and_freshwater_economics wikiPageWikiLink Business_cycle.
- Saltwater_and_freshwater_economics wikiPageWikiLink Carnegie_Mellon_University.
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- Saltwater_and_freshwater_economics wikiPageWikiLink Efficient-market_hypothesis.
- Saltwater_and_freshwater_economics wikiPageWikiLink Great_Lakes.
- Saltwater_and_freshwater_economics wikiPageWikiLink Greg_Mankiw.
- Saltwater_and_freshwater_economics wikiPageWikiLink Harvard_University.
- Saltwater_and_freshwater_economics wikiPageWikiLink Keynesian_economics.
- Saltwater_and_freshwater_economics wikiPageWikiLink MIT.
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- Saltwater_and_freshwater_economics wikiPageWikiLink Princeton_University.
- Saltwater_and_freshwater_economics wikiPageWikiLink Rational_expectations.
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- Saltwater_and_freshwater_economics wikiPageWikiLink Ricardian_equivalence.
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- Saltwater_and_freshwater_economics wikiPageWikiLink United_States.
- Saltwater_and_freshwater_economics wikiPageWikiLink University_of_California,_Berkeley.
- Saltwater_and_freshwater_economics wikiPageWikiLink University_of_Chicago.
- Saltwater_and_freshwater_economics wikiPageWikiLink University_of_Minnesota.
- Saltwater_and_freshwater_economics wikiPageWikiLink University_of_Pennsylvania.
- Saltwater_and_freshwater_economics wikiPageWikiLink University_of_Rochester.
- Saltwater_and_freshwater_economics wikiPageWikiLink West_Coast_of_the_United_States.
- Saltwater_and_freshwater_economics wikiPageWikiLink Yale_University.
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "Cambridge School of Economics".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "Freshwater".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "Saltwater and freshwater economics".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "freshwater economists".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "freshwater".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "saltwater and freshwater economics".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "saltwater and freshwater schools".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "saltwater school and freshwater school".
- Saltwater_and_freshwater_economics wikiPageWikiLinkText "saltwater school of economic thought".
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- Saltwater_and_freshwater_economics subject Category:History_of_economic_thought.
- Saltwater_and_freshwater_economics subject Category:History_of_economic_thought,_methodology,_and_heterodox_approaches.
- Saltwater_and_freshwater_economics type Thing.
- Saltwater_and_freshwater_economics comment "The terms 'freshwater' and 'saltwater' were first used in reference to economists by Robert E. Hall in 1976, to contrast the views of these two groups on macroeconomic research.".
- Saltwater_and_freshwater_economics label "Saltwater and freshwater economics".
- Saltwater_and_freshwater_economics seeAlso Fiscal_policy.
- Saltwater_and_freshwater_economics sameAs m.03cj_66.
- Saltwater_and_freshwater_economics sameAs Q73223.
- Saltwater_and_freshwater_economics sameAs Q73223.
- Saltwater_and_freshwater_economics sameAs 淡水学派与咸水学派.
- Saltwater_and_freshwater_economics wasDerivedFrom Saltwater_and_freshwater_economics?oldid=665405983.
- Saltwater_and_freshwater_economics isPrimaryTopicOf Saltwater_and_freshwater_economics.