- World Bank's chief economist Paul Romer says macroeconomics is in trouble - "For decades, macroeconomics has gone backwards" It's like Scientology. "It's defending reputations, not science" "Models are wrong" "I may not be the right person but no one is going to say it. So I said it" http://economictimes.indiatimes.com/small-biz/policy-trends/world-banks-chief-economist-romer-says-macroeconomics-in-trouble/articleshow/55508187.cms 3 comments economy