The Macro Concordance

A concordance of macroeconomic schools — every tradition's claims, in its own words, indexed against the events and data it explains. The site renders no verdicts; the reader follows arguments, weighs testimony, and reaches (or withholds) their own conclusions.

The site is in early build-out. The opening essay: What is macroeconomics? (V1 draft).

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Traditions (6)

• Austrian
• New Classical
• Monetarist
• New Keynesian
• Post-Keynesian
• Old Keynesian

People (15)

• Anna Schwartz
• Edmund Phelps
• Carl Menger
• Friedrich Hayek
• N. Gregory Mankiw
• James Tobin
• Hyman Minsky
• Joan Robinson
• John Maynard Keynes
• Ludwig von Mises
• Milton Friedman
• Olivier Blanchard
• Paul Volcker
• Robert Lucas
• Thomas Sargent

Moments (3)

• Phelps's 1967 Expectations-Augmented Phillips Curve
• Friedman's 1968 AEA Presidential Address
• The Lucas Critique

Events (5)

• The Global Financial Crisis, 2008
• The Great Depression, 1929–1933
• The Post-Pandemic Inflation, 2021–2023
• Stagflation, 1970s
• The Volcker Disinflation, 1979–1982

Testimony (10)

• Friedman: what monetary policy cannot do (1968)
• Friedman: the case for a steady monetary rule (1968)
• Friedman: the natural rate as a Walrasian quantity (1968)
• Friedman: there is no permanent trade-off (1968)
• Hayek: the pretence of knowledge (1974)
• Lucas: monetary neutrality, retrospectively (1995)
• Phelps: the trade-off is dynamic, not timeless (1967)
• Phelps: anticipation shifts the whole curve (1967)
• Phelps: the only steady-state Phillips Curve is vertical (1967)
• Phelps: the natural rate, forty years on (2006)

Questions (1)

• What causes inflation?

Concepts (1)

• Phillips Curve

Models (1)

• IS-LM

Last updated 2026-04-29 · For editorial frame and content schema, see BRIEF.md and docs/schema.md in the repo.