I do not think that all evil emanates from the University of Chicago. Nor, I suspect, does Naomi Klein. I think very highly of Lester Telser, for example.
Also, I went to school with two of the Chicago boys in Berkeley. Same Ford Foundation program, I believe. One, I understand, a major role in fingering politically suspect academics. Another, I believe, later ran the Catholic University. Chicago and shock made a very good organizing principle. I agree with Doug that her interview with Greenspan was embarrassing. Some of the book was over the top, but on the whole I thought it was excellent -- not as economic analysis, but as leftist economic journalism, with a good command of much of the subject. My own understanding of the economy is that both constructive and destructive forces are at work. At times, the destructive forces predominate, but they are always there and are as certain to break out eventually as an earthquake in San Francisco. Tremors may be a sign of an impending disaster, but certainly there will be more tremors and disasters. As for citing conservative economists, Marx did that quite a bit, giving them credit where it was due. Klein's article was not that strong. Associating Furman with Robert Rubin suggests, as Doug observed, that the gulf between Chicago and Harvard is not all that great. But she does not deserve the wholesale condemnation that he posted here. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
