tag:blogger.com,1999:blog-2761684730989137546.post4858849826055306872..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Thought Control in Economicsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-39954536195749317542016-08-09T13:01:50.041-04:002016-08-09T13:01:50.041-04:00I enjoyed the typo:
"a senior lecture rat th...I enjoyed the typo:<br /><br />"a senior lecture rat the University of Glasgow, Alberto Paloni"<br /><br />;)<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18235248702072675922016-08-09T12:47:46.290-04:002016-08-09T12:47:46.290-04:00To get the "good economics" you go to a ...To get the "good economics" you go to a school of business.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-10169504643510800312016-08-09T12:11:19.584-04:002016-08-09T12:11:19.584-04:00I’m not impressed by the never ending “down with n...I’m not impressed by the never ending “down with neoclassical economics” chant. For a start, the term is near meaningless: it refers to a reliance on market forces. But exactly HOW MUCH reliance on market forces constitutes neoclassical economics? The centrally planned economies of Russia and Eastern Europe prior to the collapse of communism relied on market forces to a significant extent. Were they “neoclassical”? Darned if I know.<br /><br />“Neoclassical economics benefits the One Percent at the expense of the rest of society..”. Yes – er – the elite in the old Soviet Russia did very nicely for themselves. Same goes for the elite in present day North Korea.<br /><br />As for the failure of the bank system in 2007/8, that was very specifically a failure of the bank system. That didn’t prove that other aspects of the economy which also rely on market forces were at fault. <br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com