> (does anyone in econ still >talk about the old concept of aggregate supply and demand?), Judging by the best selling textbooks yes. Most certainly. I haven't looked in the last couple of years, but the last time I did there still wasn't a really good text book that presented undergraduate macro entirely in terms of OLG or RBC models that still dealt with standard concerns about stabilization policy. Most undergraduate instructors still think stabilization policy is important (and since it is a very large part of the discussion of economic events in the press they are probably right) and want to teach it. The IS-LM-AD-AS model is still the best way to explain those concepts. - - Bill Dickens
William T. Dickens The Brookings Institution 1775 Massachusetts Avenue, NW Washington, DC 20036 Phone: (202) 797-6113 FAX: (202) 797-6181 E-MAIL: [EMAIL PROTECTED] AOL IM: wtdickens
