Mateo Hoyos

Micro has widened its circle to incorporate game theory, evolutionary dynamics, etc. over the last few decades. The increasing openness to ideas coming from areas outside of neoclassical economics has been especially characteristic of applied micro. Macro theory, which used to be perceived as the more accommodating half of economics, by contrast, has become increasingly closed off to anything outside of fully optimized rational agent models (in single and heterogeneous agent varieties). In my own area of international economics, using the models incorporated in the Asbjorn Rodseth’s 2000 textbook would render a paper unfit for publication today. It would be hard for someone like Lance Taylor to publish a paper in the JIE or JDE (let alone to serve as an editor of the latter, as he did back then).