<p>Randall Wright has several complimentary things to say about some of my earlier work. I thank him for those remarks. Most of his comment, however, fails to respond or even discuss my current paper, and the main comments he makes about the paper are untrue.</p>
<p>Contrary to Wright my paper does not attack theory or oppose the development of micro foundations for macroeconomics. It is not about economic policy. Nor do I defend the IS-LM model that I spent many years criticizing. I am at a loss to understand how a reader could come away with such ideas or with a belief that I am critical of recent work on economic development and growth.</p>