Beyond microfoundations: Towards a not-too-rational macroeconomics

At UCLA we are establishing a Center for Computable Economics. I have been very much involved in this effort. This may surprise you. That a non-mathematical macro/monetary economist should become an enthusiast for this project is one of those things that "do not compute." But then, as I will explain, we take a special interest in things that do not compute. One may come to Computable Economics by many intellectual routes. I will trace my own, not because it makes a particularly edifying story, but because it will tell you what kind of problems I hope we can make progress on by developing the field of Computable Economics. But before we get to that, I had better explain what I mean by Computable Economics.

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