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If a hundred academic economists got together and put out a press release saying that current thinking is wrong, wouldn't that be covered as news, and wouldn't it start a public debate?

While the number wasn't one hundred, they have done this, and it was covered, albeit very briefly.  Kerry had the endorsement of something along the lines of twenty-five Nobel Laureates, who all signed a letter claiming that Bush's economic policies were endangering the country's future.  The story made it all the way to the nightly news.

It's paradoxical to suggest that they don't seem to mind what's published in the media, because it suggests they place a very low value on their own expertise. You'd think they'd at least make an effort to get some books published and put some time into promoting them.

It's either that, or they don't see much wrong with what's being said on their behalf, and the mainstream really doesn't disagree much at all.

As I said above, the best economists, with the exception of Krugman, are off doing research and aren't going to waste time with a bunch of media appearances.

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 19th, 2006 at 12:13:18 PM EST
[ Parent ]
As I said above, the best economists, with the exception of Krugman, are off doing research and aren't going to waste time with a bunch of media appearances.
As a result, economic policy in countries around the world, and globally, is in the hands of mediocre economists with ideological axes to grind. That's a great state of affairs.


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 19th, 2006 at 12:53:54 PM EST
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I couldn't agree more.  The top minds turned away from activist policy a few decades ago -- roughly around the time of stagflation.  That was also roughly the time period when the policy entrepreneurs of Supply-side economics began taking over.  Krugman has talked about this in the past -- how he's saddened by the lack of idealism among his students.  The students don't have the guts to try to fight the economic problems of today.  That is sad, if what he says is true, because I think the activism of the past brought great improvements to the average person's life, and we're going to need that sort of thought in the future.

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 19th, 2006 at 01:29:26 PM EST
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Could someone summarize this discussion in any way and send it to newspapers or frontpage it again??? This entire thread is incredibly insightful.
by Nomad on Mon Feb 20th, 2006 at 08:14:08 AM EST
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