Re: [Pen-l] The Economics of Crisis and the Crisis of Economics

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Unfortunately, the kind of services that Jim describes are what most people 
consider to be economics.

On Wed, May 20, 2009 at 03:29:41PM -0700, Jim Devine wrote:
> 
> The cyclical component of the demand for economists' services refers
> to the services that economists provide that are generally seen as
> useless for dealing with current problems. This kind of stuff
> (abstract theory, rantings about how we shouldn't do anything about
> the crisis, ideological screeds, etc.) is generally seen as a luxury,
> to be dropped like a hot potato when the economy tanks.
> 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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