Pardon moi Francaise, but, damn, Ernie, what a to-the-point really perceptive summary and set of conclusions. What have you been shooting up with lately ? Brain steroids ? I have to tell you, though, this guy from MIT, well, in the brains department, he is about as good as anyone gets. Knows his stuff extremely well, and also ( mirable dictu ) knows how to communicate like a pro. If you ever get the chance to listen to him my hunch is that you would be as impressed as I was. No rants, no endless lists of figures, either, just one excellent example of what is going on after another, followed by ( seems to me ) one after another brilliant logical inference from the data. In short, the kind of professor to kill for in order to get in his class. Well, not that extreme, but knee-capping would be about right. My humble opinion Billy -------------------------------------------------------------------------- Partly, but I think they actually demonstrate a deeper problem: economics as a profession is intellectually bankrupt. The Left can't explain the success of capitalism, and the Right can't explain it's failure.
Political reform is impossible without a robust understanding of the whole problem. That means vibrant academic communities (not just a few individuals) that actually seek to engage the data on it's own terns, instead of projecting existing ideology onto it. Absent a "scientific consensus" on what a healthy economy looks like, blaming politicians and financiers for killing the patient may be valid, but futile. In a message dated 4/6/2010 9:53:19 P.M. Pacific Daylight Time, [email protected] writes: Impressive stuff. I only have one quibble: Sent from my iPhone On Apr 6, 2010, at 20:00, [email protected] wrote: > More remarkable, the responses of both the Bush and Obama > administrations to the crisis–bailing out the megabanks on generous > terms, without securing any meaningful reform–demonstrate the lastin > g political power of Wall Street. Partly, but I think they actually demonstrate a deeper problem: economics as a profession is intellectually bankrupt. The Left can't explain the success of capitalism, and the Right can't explain it's failure. Political reform is impossible without a robust understanding of the whole problem. That means vibrant academic communities (not just a few ibdividuals) that actually seek to engage the data on it's own terns, instead of projecting existing ideology onto it. Absent a "scientific consensus" on what a healthy economy looks like, blaming politicians and financiers for killing the patient may be valid, but futile. E _______________________________________________ Centroids mailing list: [email protected] http://radicalcentrism.com/mailman/listinfo/centroids_radicalcentrism.com Archives at http://radicalcentrism.org/pipermail/centroids_radicalcentrism.com/
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