Tuesday, September 08, 2009

Krugman on econ

If you haven't read it yet. I disagree with the basic thesis a little, because I think Krugman under-estimates how inherently politicized economics is, as been, and always will be. When the wealthy and powerful needed the government to stay out of their way, we had classical economics. When we needed a government that could wage and win two global wars, we had Keynesianism. And then when the Cold War was winding down in the 1970s and 1980s (though it didn't always look like it was!) we got neo-classical economics -- basically the same old "fuck the poor" mentality dressed up in an analytical drag.

Nevertheless, worth reading.

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