tag:blogger.com,1999:blog-2761684730989137546.post3430617069721119508..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill Mitchell — Reflections on a visit to New Zealandmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-50689575916713588012017-08-02T16:50:36.611-04:002017-08-02T16:50:36.611-04:00Political economy and economics are separate but r...Political economy and economics are separate but related fields, as are accounting and finance.<br /><br />Putting theoretical economists in charge of policy formulation is just dumb.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-38697160238384561642017-08-02T16:32:47.967-04:002017-08-02T16:32:47.967-04:00Actually there's a history of that sort of thi...Actually there's a history of that sort of thing at the uni I attended and taught at for a while. A dispute in the 1970s (well before my time) resulted eventually in 'Political Economy' splitting off from 'Economics'. :)<br /><br />http://purl.library.usyd.edu.au/sup/9781921364051<br /><br />https://en.wikipedia.org/wiki/Frank_Stilwell_(economist) <br /><br />Having said that, there are a handful of heterodox economists in 'Economics'.peterchttps://www.blogger.com/profile/01617954484867427637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-31447226280872942572017-08-02T14:38:44.266-04:002017-08-02T14:38:44.266-04:00Peter, Maybe you guys could establish your own Dep...Peter, Maybe you guys could establish your own Dept? <br /><br />Like "Govt Operations" or "Government" or something like that?<br /><br />Pull some other PhDs in from other applicable disciplines and start a totally new degree program at some school... <br /><br />Bill is just taking a bunch of crap from these people he doesn't need ...<br /><br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48888974031959299812017-08-02T10:07:30.402-04:002017-08-02T10:07:30.402-04:00Matt, I know what you mean, but we need him and th...Matt, I know what you mean, but we need him and the other heterodox economists in the Econ Depts big time.<br /><br />It's so hard for heterodox economists to get a foot in the door to begin with, let alone get to the level of chair as in Bill's (and some others') case.<br /><br />I think Bill comes out of these exchanges more than fine. Seriously on-the-nose-with-the-electorate former prime minister and failed central bankers, trying to defend their failures, will have next to zero credibility with many in the public.<br /><br />The central banker's arguments in favor of monetary over fiscal policy are discredited, for starters, by the reality that Australian policymakers intervened strong and early fiscally, helping Australia to avoid recession in the wake of the GFC, whereas New Zealand policymakers failed to do so and the country fared poorly.peterchttps://www.blogger.com/profile/01617954484867427637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-62225775134582811592017-08-01T19:49:40.259-04:002017-08-01T19:49:40.259-04:00Bill has to get out of the Econ Dept...Bill has to get out of the Econ Dept...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com