Barbados’ Worrell urges rethink on economic assumptions
DeLisle Worrell, the governor of the Central Bank of Barbados and a former IMF economist, last week urged researchers to revise their assumptions, in an address to the central bank.
The address, part of the central bank's Research Review Seminar, comes at a time when many in the profession are questioning the foundations upon which modern macroeconomics is based..
Worrell referred twice to the "notion that the economy evolves according to the same laws that govern biological evolution" and
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