Sunday, February 12, 2012

Cartoon Guide to Economics: Volume II, Macroeconomics

My 11 year old son has written a review. You can read it here. It didn't quite capture his reaction upon finishing it.

"How was it?"

"It was very interesting. But when are they going to do Volume 3."

"Volume 3? Why do you think there'll be another volume?"

"Well, this one was about all of the problems. Unemployment, high prices, poor countries. They can't just leave it like that! They now have to tell us how to solve them."

Sigh. I guess we all know that macroeconomics is where it ends and no cartoons are going to quite help. I had to break the truth to him. I guess it uncovers something quite deep about our profession. Microeconomics offers problems and, at least, convincing solutions. When we talk about macroeconomics, that isn't the message.