Read it at Multiplier Effect (with audio link)
Galbraith also talks about the Marxian, Godleyan, Minskyan, and “Galbraithian” (John Kenneth) schools of thought (which he likens to “Millenarian sects”), joined by their acceptance of the possibility and likelihood of crises, and runs through the differences in their approaches to thinking about financial crises.
Galbraith in Brazil
by Michael Steves
5 comments:
Totally off topic, but I've been wondering what has happened to John T Harvey, as I've always found his posts at his Forbes blog to be among the most accessible to the general reader. I see that a few days ago he put up his first post in a couple of months on the topic of Krugman and his recent blog on government debt. I thought I would mention it as I haven't seen it referred to here.
John posts irregularly there. I guess he is busy.
In the recent flurry I over looked putting the link. I'll do it now. Thanks for the heads up, Ben.
Here's hoping that this is just a warm up.
Tom, as a professional academician, do you think this presentation makes a respectable academic challenge to the mainstream of the academe?
The question is the the challenge. It has been make repeated by Galbraith and others, although he is the best known.
The question is who is going to pick it up. No one is going to pick it up unless they feel forced to do so. And we are not there yet.
It is much easier to sit in the high seat and just ignore competitors (yes, that is how they are viewed). Or dismiss them as unworthy of your attention, the idea being that everyone that is up and coming is trying to get the attention of the famous because then some of the light will shine on them, too.
Academia is very political. I didn't realize how political it was until I went my first professional conference as a grad student. I was appalled and just went down the bar.
Correction. Should be "The question is NOT the challenge." The question is who is going to accept it.
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