Re: Re: RE: A Krugman Klassic

[Brad De Long <delong@xxxxxxxxxxxxxxxxx>]

> Mat wrote:
> > Klassic because, unlike most mainstreamers, he has read stuff
> > written more than
> > five years old, or because he overlooks Marx?  And shouldn't it be
> > "continuous"?
>
> Peter quotes Krugman:
> > "...the young Schumpeter, writing before World War I, was the first
> > major economist to recognize that continual technological change is part
> > of what capitalism is all about."
>
> Mat doesn't understand that for PK, "major" means "respectable,
> while attaining tenure at a Big Name school."

No. For Paul Krugman "major economist" means someone who built a
useful model--like Ricardo. Marx's attempts at economic model
building as we see it were not successful--hence Samuelson's judgment
of Marx as a minor post-Ricardian.

For Paul Krugman, Marx is a sociologist...


Brad DeLong
--
Professor J. Bradford DeLong
Department of Economics, #3880
University of California at Berkeley
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