Sigh. This is the kind of thing I have always sought. Not just the intelligent, thoughtful initial post, but the lengthy, occasionally funny, always intriguing, comment thread that follows. So, rather than do "my take", just click the link below, and read the whole thing.
Whoever says there is no room on the internet for serious intellectual inquiry and thoughtful back-and-forth should take a gander.
Getting the microfoundations right – some comments and a bleg by Chris Bertram on September 8, 2010
From Crooked Timber
