Macro and other Musings

Has a good outline of the failure of macroeconomics theory, referencing a talk given by William White, former chief economist of BIS.
Says David Beckworth:

White goes own to discuss the need for a new analytical framework, one the incorporates the best of Keynesian, Austrian, and Minskyian insights.

We are working the issue in the form of the Coordination Problem, or the Recalculation problem. I recommend (my own) QM Theory which posits a uniform constant of uncertainty in the agent, and that assumption does indeed combine the various theories and does explain what happened to us.