European Tribune - Comments - Intellectual Whores

Intellectual Whores | 65 comments (65 topical, editorial, 0 hidden)

Your description of what economics is about holds only since the marginalist revolution of the 2nd third of the 19th century.

"Economics is mostly a mathematical discipline" can only be said to hold since WWII.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Sat Feb 18th, 2006 at 01:53:00 PM EST
[ Parent ]

Re: Intellectual Whores (none / 0)

As my (historical) reading of the classics of economics progresses, I dread the time when I'll reach the marginalists. As a mathematician I found Samuelson impossible to stomach.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Sat Feb 18th, 2006 at 03:07:38 PM EST
[ Parent ]

Re: Intellectual Whores (4.00 / 2)

Samuelson was always known as being a strong theorist, but also for being so consistently wrong when it came to predicting outcomes in the real world. There was a time, from what I've read, when he thought the Soviet Union would overtake the US on GDP. Mises and Hayek told him he was full of shit. (Not those exact words, but fairly close to them.) It's sort of the one big victory that the Austrians have ever enjoyed.

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 18th, 2006 at 03:14:05 PM EST
[ Parent ]

Intellectual Whores | 65 comments (65 topical, 0 editorial, 0 hidden)

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