Academics and bureaucrats, absorbed by theories and static models, miss that macro-economics is but the accumulation of micro decisions.

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"The Macro-Economics of Poverty Reduction in China", by Dwight Perkins.

ECONOMIST: Sources and acknowledgments

Other than the false credence this assigns to the pseudo science known as macro-economics, supply side principles seem irrefutable: lower tax rates motivate production which spurs economic growth thus expanding tax revenues.

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His specialty is macro-economics and international finance.

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Similarly in economics, in the 1990s, I used to listen to famous macro-economists saying that macro-economic management had become mechanistic.

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