PEN-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

[PEN-L:8171] Re: RE: Re: Request: Summers Memo

Craven, Jim wrote:

>Well for vitriolic "poetry" embodied in the "positivist and
>"free-of-'normative'-considerations calculus" of "rationality and
>optimality", I can't match:
>
>"I think the economic logic behind dumping a load of toxic waste in the
>lowest-wage country [or preferably Indian Reserve/Reservation] is impeccable
>and we should face up to that."

The thing is that by the logic of neoclassical economics, Summers/Pritchett
is absolutely right. It's an indictment of the discipline, not his/their
personal evil. No one seems to have had the nerve to "face up to that."

Doug
[ Other Periods  | Other mailing lists  | Search  ]