David Colander

American economist

David C. Colander (born November 16, 1947) is an American economist, and the Christian A. Johnson Distinguished Professor of Economics at Middlebury College.

Quotes edit

1990s edit

  • Colander: What’s your view of the New Keynesian approach?
    Tobin: I’m not sure what that means. If it means people like Greg Mankiw, I don’t regard them as Keynesians. I don’t think they have involuntary unemployment or absence of market clearing. It is a misnomer to call Mankiw any form of Keynesian.
    Colander: How about real-business-cycle theorists?
    Tobin: Well, that’s just the enemy.
    • David Colander, "Conversations with James Tobin and Robert J. Shiller on the “Yale Tradition” in Macroeconomics", Macroeconomic Dynamics (1999), later published in Inside the economist’s mind: conversations with eminent economists (2007) edited by Paul A. Samuelson and William A. Barnett.

2000s edit

  • In complexity economics one is not searching out the truth; one is simply searching for a statistical fit that can be temporarily useful in our understanding of the economy.
    • David Colander, Complexity and the History of Economic Thought, Routledge, London and New York, 2000, p. 6.
  • In reading the economics journals and talking with newly-minted PhDs, it is as if Keynesian economics never existed.
    • [David Colander, “Functional Finance, New Classical Economics and Great Great Grandsons” (2002).
  • Keynes is dead; dynamic programming; Keynes is still dead. That’s the way Stanford graduate economics students recently summed up what they had learned in their core graduate macroeconomics course.
    • David Colander, "The Keynesian Method, Complexity, and the Training of Economists" (2009)

External links edit

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