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Debtwatch: Krugman on (or maybe off) Keen
Paul Krugman has just commented (twice) on my most recent blog about my paper for INET. In one sense, I'm delighted. The Neoclassical Establishment (yes Paul, you're part of the Establishment) has ignored non-Neoclassical researchers like me for decades, so it's good to see engagement rather than wilful (or more probably blind) ignorance of alternative approaches.

...

In another sense, I'm appalled, because Krugman's comments put on display that very ignorance of Neoclassical literature--let alone of alternative economic thought.

For instance, Paul refers to many of the propositions in my blog (it's clear that he hadn't read the paper on which it is based) as "assertions about what is crucial, without much explanation of why these things are crucial."

...

So while I welcome any Neoclassical economist at the forthcoming INET conference taking up Krugman's call ("I hope someone in Berlin presses Keen on all this"), in reality Paul, empirically oriented non-Neoclassical economists like myself are the ones challenging the unsupported assertions of Neoclassical economics--not the other way round.



There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Mar 28th, 2012 at 04:35:47 PM EST
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