Conventional Macro? Caveat Emptor!

In case you did not know, conventional macroeconomics (yes the boilerplate textbook stuff you struggle with as an undergraduate) has hit the rocks. This is not new for non-standard model folks (who have been long-time critics of such modelling), but when the standard model folks start jumping ship (the latest being Paul Romer), then you know the mainstream profession is in an existential crisis. Macroeconomics is dead! Long-live macroeconomics (e.g., non-neoclassical post-Keynesian and classical and neo-Marxian macro models, which are still excluded from the classroom). -JS