Display:
He's, of course, wrong, as they tend to be.  The trade deficit, as I explained, has been good for some of us, but at the expense of other benefits.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Sat Feb 11th, 2006 at 05:17:46 PM EST
[ Parent ]
What other profession do you know of where leaders in the field can come to exactly opposite conclusions from the same data besides economics?

The fact that this fellow is the chairman of the economics department at his university tells you something about the reliability of our fiscal and monetary policies...

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Sun Feb 12th, 2006 at 09:52:19 AM EST
[ Parent ]
Don't read too much into the fact that he's a chairman of a department.  Plenty of departments are chaired by morons.  Plenty are chaired by brilliant people.  My old department's chairman was an excellent developmental economist.  (Most of his research deals with Africa.  He's not very involved in the traditional areas of the field, like business cycles and monetary theory.)  Unfortunately, becoming chairman of a department can sometimes be more of a political victory than an intellectual one.

Auburn University, for example, is a very Austrian-leaning department, even though Austrian economics is not followed by many economists, while Princeton was chaired by Ben Bernanke, a Keynesian, for a long time.  Bernanke also hired Krugman.  You'll find departments tend to become stacked with people of the same view, unfortunately.

As for coming to different conclusions, you can find the same problem among climate researchers, and God knows that statisticians love to tell all sorts of stories with data.  It's more a question of finding the economists who know what they're talking about.  That can be difficult, but it's certainly not impossible.

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

by Drew J Jones (myfriends@thisispancakes.com) on Sun Feb 12th, 2006 at 10:12:41 AM EST
[ Parent ]
Just show me a physics department where the chairman says that gravity makes things fly apart instead of coming together...

Policies not Politics
---- Daily Landscape
by rdf (robert.feinman@gmail.com) on Sun Feb 12th, 2006 at 10:25:59 AM EST
[ Parent ]
Not sure about that.  Maybe among the Christian-Right-dominated schools.  Physicists also don't tend to have a problem with keeping professors apolitical.  Economics departments certainly do, in many cases -- hence my example of Auburn and ths stacking of staff who all agree with the same view.

That's politics, not economics.

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

by Drew J Jones (myfriends@thisispancakes.com) on Sun Feb 12th, 2006 at 10:58:48 AM EST
[ Parent ]
It's hard to avoid the impression that much of what passes for economics is thinly conceiled politics.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Sun Feb 12th, 2006 at 12:07:25 PM EST
[ Parent ]
You have obviously never been involved in a good Physics department fight.
by asdf on Mon Feb 13th, 2006 at 10:32:54 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series