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with Samuelson and Friedman both out of the way, maybe Economics can actually progress again?

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 Sun Dec 13th, 2009 at 12:31:29 PM EST
[ Parent ]
you must be joking. "Economics" is a way of life, an ethos, a calculating ontology, whose only moral determinate is quantity expressed by a number greater than an other number.

Quality requires examination of desire.

But even the most uneducated, cretinous, or indigent individual is capable of employing this formula of reasoning to describe the finite universe through which he and she journey --if pressed by some detractractor.

The popularity of "economics" is assured for all time.

Diversity is the key to economic and political evolution.

by Cat on Sun Dec 13th, 2009 at 04:24:45 PM EST
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Studies indicate Neo-Classical Economics is a treatable psycho-epistemological dysfunction.  A necessary intervention is to remove the patient from environmental reinforcement.  This may be through confining the patient in a mental institution, at the last resort, although Out Patient care is an option as long as they attend group sessions and their environmental stimuli is carefully monitored.  

The Wall St. Journal is right out.

While I'm not a fan of 'talky-talk' clinical methodologies these have shown success in some cases.  

Other treatments are somewhat more problematical as the APA hasn't validated a anti-economics psychopharmaceutical.  Only limited, anecdotal, and ad-hoc studies have been conducted in this area.

Generally speaking, those suffering from NCE are high functioning and Cognitive Therapy offers them their best avenue to achieving mental health.

by ATinNM on Sun Dec 13th, 2009 at 04:55:35 PM EST
[ Parent ]
LSD therapy might be indicated.

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 Sun Dec 13th, 2009 at 10:32:05 PM EST
[ Parent ]
I'm not joking, looking at good (from my point of view) economics such as Smith, Mill, Veblen, Keynes, Galbraith, Minsky, Keen... there's hope.

Of course most of the authors I cited as "good economics" are not even considered economics by heterodox economists...

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 Sun Dec 13th, 2009 at 05:53:34 PM EST
[ Parent ]
Of course most of the authors I cited as "good economics" are not even considered economics by heterodox economists...

As the last four of the cited authors are heterodox economists, I presume you meant "orthodox economists." As we are getting good at performing automatic error correction on our unintentional misstatements, perhaps this comment is superfluous.  

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 Sun Dec 13th, 2009 at 10:36:23 PM EST
[ Parent ]
Never superfluous, thanks.

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 Mon Dec 14th, 2009 at 02:59:22 AM EST
[ Parent ]
I think the problem is less the "discipline" of Economics, rather that there is an awful lot of money, prstige and consequent authoritative status to be achieved if your "work" and "research" supports the Chicago school status quo.

The other people you cite have been marginalised, not so much by later work, as by interests who prefer different truths.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Dec 14th, 2009 at 05:22:09 AM EST
[ Parent ]

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