English
saltwater
Noun

saltwater

  1. alternative form of salt water#English|salt water
Adjective

saltwater (not comparable)

  1. New Keynesian or Keynesian, in reference to macroeconomics and economics departments on the East Coast and West Coast of the United States of America.
    • 2004, Arnold Kling, Learning Economics, Xlibris (1st ed.), ISBN 1462834205, page 29.
      Sweetwater and Saltwater economists tend to differ on policy issues.
    • 2007, David Colander, The Making of an Economist, Redux, Princeton University Press (2nd ed., 2009), ISBN 1400828643, page 228.
      These findings suggest that the divide between fresh and saltwater departments has all but disappeared. The ideological battle is over.
    • 2012, John Quiggin, Zombie Economics: How Dead Ideas Still Walk Among Us, Princeton University Press (expanded paperback ed., 1st ed. from 2010), ISBN 1400842085, page 86.
      Despite their often heated debates, saltwater and freshwater economists agreed on one fundamental point: that macroeconomic analysis must be based on the foundations of neoclassical microeconomics.
    • 2015, Meghnad Desai, Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One, Yale University Press (1st ed.), ISBN 0300216076, page 191.
      In the US, economists were said to be from sweetwater departments – from Chicago and Minnesota, where they were new classical – and from saltwater departments – MIT, Harvard and Yale, where they continued to be Keynesians who did not concede the ground totally to the new classical economists.
    • 2016, Philippa Malmgren, Signals: How Everyday Signs Can Help Us Navigate the World's Turbulent Economy, Hachette UK, ISBN 1474603513.
      A tax rate of say, 91 per cent – as suggested by the very saltwater Nobel Prizewinner, economist Paul Krugman – would force Americans to hand over a much larger proportion of their income than most are comfortable with.
Antonyms

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