Sunday, July 19, 2020
Lars P. Syll— Keynesian vs Newtonian economics
James K. Galbraith quote. It's a should-read.
Should also read the article from which the quote is extracted.
JKG draws a parallel between Keynes and Einstein, and neoclassical economics (which Keynes called classical economics) and Newton. He makes a case that Keynes was thinking specifically of this contrast when he mounted his criticism of the economics of his day, which remains the convention of today owing to the Paul Samuelson's "bastarding" Keynes contribution in his synthesis that became the basis for New Keynesianism, which is more John Hicks on Keynes than Keynes himself.
Lars P. Syll’s Blog
Keynesian vs Newtonian economics
Lars P. Syll | Professor, Malmo University
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3 comments:
"bastarding" Keynes contribution in his synthesis "
lol.. how else is it supposed to work?????
If you are trained to synthesize instead of discriminate how else is it supposed to work???
Do you know how stupid you look???
here:
https://www.iep.utm.edu/neoplato/#H3
"we are to be rigorous and define Neoplatonism as the synthesis of various more or less ‘Platonistic’ ideas into a grand expression of Platonic philosophy,"
The WHOLE THING is ALL about synthesis...
THEN... the people trained in this methodology.. what pray tell do they do???
They SYNTHESIZE...
Shocking!!!!
And YOU say "boy! that is all fucked up!"
HOW DOES YOUR SCRAMBLED EGGS FOR BRAINS WORK?????
THAT is what they are TRAINED TO DO... HELLLLLOOOOOO!!!!!
Ptolemaic economics... alive and well.
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