I found a pdf file of an interview with Lance Taylor. Structural economics is a form of macroeconomics that challenges the current orthodoxy. An orthodoxy, I might add, that has failed to explain or predict the current economic crisis.

Here is a quote where Taylor explains the reversion to classical economics after the second world war:

“It went through several stages, but in effect, what happened is
that by, say, the 1970s and certainly the 1980s, mainstream macroeconomics
had reverted to nineteenth-century economics. The major
figure in late-nineteenth–early-twentieth-century economics was Knut
Wicksell from Sweden, and basically what has come out in recent
decades is a less interesting version of his work.”

This is fascinating work. I recommend it.

James Pilant

This is a Lance Taylor lecture. He is quite good at making economics straightforward and understandable. (It makes me wish I was a student again!)

Here’s another: