Irwan’s

Macroeconomic was brought forwarded from the failure of microeconomics to explain about three main things: Unemployment, Inflation and Aggregate Growth.

While this discipline has been studied for almost a decade and many of economic decisions were made with its knowledge, Macroeconomic is reaching the stage of its irrelevance, just like microeconomics 70 years ago. I’m not saying that macro is not relevant, it’s indeed relevant. However with today much-evolved market, it is like we are perceiving the market with ’perfect economy’ notion of microeconomics, but this time with ’perfectly imperfect economy’ that can be rectified with fiscal and monetary policy.

I’m not in the place to present a new idea here but just want to share my concern about current economic view point. Now waiting for the next Keynes that will revolutionize the economy.