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The classical economists that Hudson mentions here
my  book describes the "intellectual engineering" that has turned the economics discipline into a public relations exercise for the rentier classes criticized by the classical economists: landlords, bankers and monopolists. It was largely to counter criticisms of their unearned income and wealth, after all, that the post-classical reaction aimed to limit the conceptual "toolbox" of economists to become so unrealistic, narrow-minded and self-serving to the status quo.
called their discipline political economy. I think one of the latest to do so was John Stuart Mill, who wrote in the middle third of the 19th century. Unfortunately, institutional economists and other who study the power relations that Hudson also mentions as central to economic reality are labelled as "sociologists" and ignored by mainstream economics.

It turns out that Economics is Politics after all.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Tue Dec 22nd, 2009 at 05:29:58 AM EST
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It turns out that Economics is Politics after all.

Of course! And the entire purpose of NCE is and always has been to disguise that fact. Looks like I will have to buy Hudson's latest edition of Trade & International Debt for the history of economics it now contains. This sort of information is much more useful to my little brain than trying to get my head around a bunch of bull shit economic mathematical models.

If I am going to do that I might as well go ahead and try to learn at least ordinary differential equations. Then I would better be able to follow Steve Keen's work. Any recommendations for Differential Equations for Dummies? Or is there such a book and is it useful?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Dec 22nd, 2009 at 02:53:52 PM EST
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I suggest Introduction to Dynamics by Percival and Richards, Cambridge University Press.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Tue Dec 22nd, 2009 at 03:00:53 PM EST
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