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There are many unrespectable economists in professorial positions and used to advise government policy (see those of Reagan, Thatcher et al), so sadly yes. Furt
by _h_o_d_ 9y ago
There are many unrespectable economists in professorial positions and used to advise government policy (see those of Reagan, Thatcher et al), so sadly yes. Furthermore, the politicians or political advisers who ultimately make government economic policy tend to have at most a BA in economics, hence have been indoctrinated in the most simplistic of these dismal ideas without the benefit of more sophisticated epistemological thinking.
- kwhitefoot 9y ago> tend to have at most a BA in economics Or worse in the UK where they all went to Oxford and got a PPE.
- _h_o_d_ 9y agoto be fair, the Oxford PPE contains one of the better economics courses, although dependent on which tutors you have in your college. Nonetheless, there is a significant minority of no-chin toffs who have no business being there except for their school and connections (See most of the Tory party).
- 0x27081990 9y agoSo Milton Friedman is unrespectable?
- IslaDeEncanta 9y agoYes he is. The S&L crisis and the global financial crisis are both largely the product of his ideas.
- gbacon 9y agou partisan bro?