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Indeed - but I feel that lets economists off too lightly.

If they are indeed irrelevant, why is that so? What are they doing about it?

They are basically trying to have their cake and eat, pronouncing on everything when it suits them and yet pedalling back to "pure research" with no responsibility for policy whenever they are questioned.

by Metatone (metatone [a|t] gmail (dot) com) on Tue Dec 30th, 2014 at 02:18:20 PM EST
[ Parent ]
European Tribune - So economics teaching isn't the problem?
I reckon nobody's reading at this point

Of course, nobody's in the least interested. It's so obvious that economists are good-faith scientifically-minded chaps who have no real influence on what is happening. So if it's a first-class fuck-up you know it's not the economists to blame. Don't you?

gk:

it's not hard to find austerians among conservative government officials [Hollande?] and their advisers, both in the uS and Europe, and even among a few conservative economists, it is hard to find many among mainstream economists

Right, most mainstream economists have spoken out loud and clear against austerity. We have all noticed, haven't we?

There's a word for what we're seeing in both quotes: denial. Will they soon move on to anger?

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Dec 30th, 2014 at 03:15:01 PM EST
[ Parent ]
But they will never move on to guilt.
by rifek on Mon Jan 12th, 2015 at 12:34:34 AM EST
[ Parent ]

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