European Tribune - Comments - Economic hypothesis

Economic hypothesis | 30 comments (30 topical, 0 editorial, 0 hidden)

I agree with your point that Keynesian economics was never really debunked, but it is somewhat out of fashion these days.

Looking forward to reading your diary.

by TGeraghty on Mon Nov 28th, 2005 at 12:19:49 AM EST
[ Parent ]

Re: Economic hypothesis (4.00 / 2)

It depends on where you look. The Ivy League in America is dominated by Keynesians -- New Keynesians, to be precise. Schools in the Mid-West are dominated by Neoclassicalists. Schools on the West Coast are a mixture of the two. (UC-Berkeley, for example, is very Keynesian. UCLA leans Neoclassicalist.) Schools in the South are very conservative/libertarian, often with staffs of Austrians and Supply-Siders.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Mon Nov 28th, 2005 at 12:38:04 AM EST
[ Parent ]

But doesn't this still render the academic (none / 1)

view on economics irelevant in poltical terms? Whilst there are still good schools peddling austrian and supply-side measures there is no hope of actually disrupting the psychological consensus on the right that "Keynes is bunk."

(Of course, you can point out that the relative academic support for global climate change has failed to persuade various parts on the right, but overall I do think that the concept of global climate change is making more headway than the idea that the Reagan years may not have been all perfect...)

I too am looking forward to your diary.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Nov 28th, 2005 at 05:21:57 AM EST
[ Parent ]

Economic hypothesis | 30 comments (30 topical, 0 editorial, 0 hidden)

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