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... and Wesley Clair Mitchell's National Bureau for Economic Research were also bastions for American Institutionalists, many of whom were champions of one or another version of the American System.

Of course, in the New Deal and then in greater numbers in WWII, many of them got jobs with the Government, while British System Economists, aka neoclassicals, were fairly useless in those positions unless they forgot their academic economics when they stepped in the door in the morning, leave the academy well stocked with neoclassicals to train the next generation of economists to take the place of the New Dealers in the post-WWII boom in US University Education.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sat Apr 9th, 2011 at 02:52:33 PM EST
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How to win the war abroad while loosing the war at home.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 10th, 2011 at 02:00:04 PM EST
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