Re: [Pen-l] The Audacity of Data

["Max B. Sawicky" <sawicky@xxxxxxxxxxx>]

Right on the change thing.

I read Stiglitz's Whither Socialism on and off, in between other stuff,
and it seems he has blown up the neo-classical theory pretty well.


> Of course, that is just a tempest in the academic teapot. CHANGE will
> come when there's a mass movement outside of and inside of academia
> calling for it. Back in the 1930s, the mass discontent with the
> economy's state pushed the economics profession to embrace Keynesian
> economics. (When things settled down, Keynesian economics was
> effectively neutered.) Back in the 1960s and early 1970s, the anti-war
> movement spawned URPE and actually forced the mainstream mavens to pay
> attention for awhile. I wouldn't expect CHANGE to ever come from
> inside the economics profession.

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