Gene Coyle wrote: > That is a strange list of witnesses, given the questions described. I guess > they are to explain why it was the right theory after all.
Who are the witnesses? here's the list, with my comments. Dr. Robert M. Solow, Professor Emeritus, Department of Economics, MIT -- pretty orthodox, but not of the Chicago free-market school. He's old enough to know better than to take "dynamic stochastic general equilibrium" models hook, line, and sinker. Dr. Sidney G. Winter, Deloitte and Touche Professor Emeritus of Management, The Wharton School of the University of Pennsylvania -- more of an "evolutionary economist," though of the neoclassical rather than the institutionalist sort. Dr. Scott E. Page, Leonid Hurwicz Collegiate Professor of Complex Systems, Political Science, and Economics, University of Michigan -- don't know him, but it's possible that he'll talk about "bounded rationality" (Herbert Simons stuff), which is a criticism of the general-equilibrium nonsense that's so prevalent in economics. His website includes the following: "My research on culture combines mathematical, computational, and experimental methods." He's associated with the Santa Fe institute, which is open to all sorts of new thinking. Dr. David C. Colander, Christian A. Johnson Distinguished Professor of Economics, Middlebury College -- somewhat unorthodox, sort of the "loyal opposition" within the mainstream. Dr. V.V. Chari, Paul W. Frenzel Land Grant Professor of Liberal Arts, University of Minnesota -- don't know him. His website says he works for the Minnesota Fed and he seems to be a wonk. These folks generally seem to be part of the mainstream's "loyal opposition." We'll probably be told that the DSGE models are good but not perfect and that the main problem occurs when people take them too seriously. -- Jim Devine "All science would be superfluous if the form of appearance of things directly coincided with their essence." -- KM _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
