I share Blanchard's vision that "The pursuit of a widely accepted analytical macroeconomic core, in which to locate discussions and extensions, may be a pipe dream, but it is a dream surely worth pursuing". But he—and Neoclassical economics in general—err with the false belief that "Starting from explicit microfoundations is clearly essential; where else to start from?" (Blanchard 2016, p. 3). The answer to Blanchard's purportedly rhetorical question is that
Saving this article to my notes for later.. This is definitely gonna help with my build.
"based on foundations that are rotten, both intellectually and empirically."
Well said. Steve, but not if the goal is surplus labour (subsidy to capital). Soft feudalism.