Just in time for my Letter to the Editor that was half-published in The Economist, I’ve got a newly redesigned website, courtesy of Outward Focus Design. I hope you like it, and please email me if you find any problems!

Here’s what The Economist published (about their articles on the 2009 crisis in macroeconomic theory):

SIR – Having used my PhD in economics as a stepping stone to the more reputable field of stand-up comedy, it would be easy for me to spend all my time mocking macroeconomists. Consider, for example, that the current head of the Congressional Budget Office co-wrote a paper a few years back titled “Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity?”.

Here’s what I actually wrote them:

Sir: Having used my PhD in economics as a stepping stone to the more reputable field of stand-up comedy, it would be easy for me to spend all my time mocking macroeconomists—consider, for example, that the head of the Congressional Budget Office co-authored a paper a few years back titled “Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity?”—but the truth is that my fellow microeconomists must do some soul-searching too. The single-minded devotion to perfect competition in most micro classes means that they skip over topics like principal-agent problems and adverse selection that are at the heart of the current crisis. As in macro, the problem is too much price theory and not enough game theory.