So a perfect world would be one without economists, economic theory or economic thinking ??
Arthur -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Christoph Reuss Sent: Friday, May 5, 2006 8:33 AM To: [email protected] Subject: Re: [Futurework] Galbraith and economics Ed Weick wrote: > Trouble with economists is that they come in various shapes and sizes. > Though they are all exposed to the same things at university, they interpret > and use them in different ways. I'm sure that Friedman, Galbraith and > Keynes all knew about the competitive model, etc., but what policy advice > they gave went well beyond that and differed greatly. What matters is that those economists who now tell politicians _worldwide_ what to do all come from the same nest of neo-con ideology (Leo Strauss), so it's merely self-serving PR BS from economists to pretend that economists are the puppets of politicians instead of the other way 'round. > Reagan was a supply sider with an enormous faith in the stimulative effects > of cutting taxes for the entrepreneurial class, who would use the freed-up > money to grow the economy. Actually, cutting taxes for the rich does not "free up money" but BINDS up money, and Reagan used BORROWED money to grow the ARMAMENTS industry with his Strangelovian nuclear arms race. Letting the productive segments of industry to fall apart certainly doesn't attract investments. If even you are embellishing Reagan like that, I must wonder about your assertion about the diversity among economists. > All one can say is that bright ideas and reality rarely coincide. This is true for predators and the systems hijacked by them. But it could be different if the producers would get together against this mega-fraud. Chris _______________________________________________ Futurework mailing list [email protected] http://fes.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] http://fes.uwaterloo.ca/mailman/listinfo/futurework
