On May 14, 2014, at 10:33 AM, Tom Walker <[email protected]> wrote:

> I'm not sure how "comprehensive" Lawrence Summers's take on Piketty's 
> arguments is. Inequality has "microfoundations" to use the "dry technocratic 
> prose of most contemporary academic economists." And those microfoundations 
> have been both concealed by the technocratic prose and reinforced by the 
> resulting policy advice of academic economists, prominently including Dr. 
> Summers.


=======

There are no microfoundations. Quit using the scare quotes to ease your 
colleagues into the uncomfortable position of coming to terms with the ubiquity 
of referential failure of many concepts in political economy constructed since 
WWII. Technocratic prose conceals nothing; it constructs a regime of truth, 
just like the followers of Thomas Aquinas did.

Who will let the fly out of the fly bottle?

E.
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