Today under Key Notions we added a page entitled: Dynamic”; and a Mankiw-Weinzierl Essay. In it we try to reorientate macroeconomists to the primary relativities of macroeconomics.
Near the end, there is a brief criticism of a Mankiw-Weinzierl essay. Let us emphasize this: Reading and listening between the lines, we find Greg Mankiw to be an honorable person, interested in the truth, and willing to give a fair hearing to reasonable analysis. So our criticism of that essay, in the light and framework of Functional Macroeconomic Dynamics, is in no way a personal criticism. It is a combination of constructive criticism and encouragement. We are simply discussing ideas.