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Also remember that most economists are wrong. If you read any economist who cannot explain the works of John Maynard Keynes in lucid detail (regardless of wheth
by olefoo 15y ago
Also remember that most economists are wrong. If you read any economist who cannot explain the works of John Maynard Keynes in lucid detail (regardless of whether they agree with him) you are dealing with someone who is an "authoritative fraud".
So pretty much the entire Chicago School.
- jamesaguilar 15y agoI think you're making the classic mistake of assuming people who disagree with you are stupid. Specifically, it seems fantastically unlikely that the average Chicago school academic would be unable to explain in detail Keynes and his theses.
- olefoo 15y agoActually, in this case, it's not that I think they are stupid; merely that they have lost touch with reality. An economist who denies the role of government in macroeconomics for ideological reasons may be quite bright and may be able to construct quite fearsome explanations for his positions, but he is deliberately ignoring both the reality of the present and the lessons of history.
- jamesaguilar 15y agoI doubt that you can find me an anarchist member of the Chicago school. They all recognize a role for government, the debate is over how large and where that role is. The people you are bothered by are a straw figment of your imagination.