Macroeconomics

Macroeconomics appears in Naval Ravikant — The Angel Philosopher as the discipline Naval Ravikant “stopped believing in” — he came to see macro as “the combination of voodoo, complex systems, and politics,” where you can find an economist to take every side of every argument. He contrasts it with Microeconomics and Game Theory, which he holds to be fundamental.

Context: Macroeconomics is the branch of economics concerned with economy-wide phenomena — output, inflation, unemployment, interest rates, and growth — as opposed to the behavior of individual agents studied in microeconomics.

Where this appears

• Naval Ravikant — The Angel Philosopher — dismissed as “junk science” (“voodoo, complex systems, and politics”) versus the fundamentals of Microeconomics and game theory.