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"World class economists" disagree a lot more on economics than world class physicists disagree about inclined planes. For every Krugman there is a Becker, a Hay
by temphn 16y ago
"World class economists" disagree a lot more on economics than world class physicists disagree about inclined planes. For every Krugman there is a Becker, a Hayek, a Friedman. So argument from authority just plain doesn't work in this area.
- deleted 16y ago[deleted]
- fauigerzigerk 16y agoThat's right, but ignoring the point these economists are making doesn't help either. The inability of Japan to deal with bad loans is recognised as a major policy failure by all economists I have ever heard comment on it. Reducing all economic questions to "does government spending work?" is a mistake in my view.
- borism 16y agowow! you really think 2 dead people disagree much with Paul Krugman?
- borism 16y agoyou can downvote me all you want, comparing Krugman to Hayek and Friedman is just plain idiotic. While these two (together, or shall I say in opposition with Keynes) helped lay an important parts of foundation of modern economics, their ideas are just about as relevant nowadays as Newton mechanics to building an interstellar spaceship.