Re: Whither the AEA?

[Hudsonmi@xxxxxxx]

Dear Paul, etc.
       I can well understand your opposition to letting the neoclassicals take over the economics department. I found out already at the New School that there was no way to introduce a non-neoclassical theory into the curriculum. Heilbroner refused to let me talk about money, interest and debt, saying that this would "confuse" students into thinking that there was more than one mode of exploitation (that of vulgar Stalinism, his alternative to neoclassical economics).
       On the other hand, there is a very good strategic reason to LET the neoclassicals take over, totally.
       That will let the discipline of economics fall away from reality altogether, like a rotten limb off a tree. Then, we can simply start a new discipline, called whatever we want.
       The principle is this: It is easier to start a new discipline afresh than to spend 99 times as much effort trying to reform, reprogram and retrofit an already deformed discipline.
       Michael Hudson