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I am going to give a talk to a Chinese delegation. I have to write up the talk in advance for the participants to have a translation to read. Any comments would be appreciated. China presents a curious contradiction. Your country sees herself as a socialist state, yet the influence of Western, capitalist-oriented economics in the universities seems to be pervasive. Here in the United States, many people put great stock in what the economists have to say. Part of this authority comes from academic credentials; part comes from economists' ability to talk in pseudo-scientific terms. Yet, this style of economics has left a trail of failures for decades, culminating in the present economic crisis. In my book, The Confiscation of American Prosperity: From Right-Wing Extremism and Academic Economics to the next Great Depression, which came out just as the stock market peaked in 2007, I predicted that terrible consequences were sure to follow policies that academic economists were promoting. Fortunately, a Chinese translation is in the works. More at: http://michaelperelman.wordpress.com/2010/12/18/lecture-for-a-chinese-delegation/ -- Michael Perelman Economics Department California State University Chico, CA 95929 mperel...@csuchico.edu 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
