My initial quip was for Jason because we know each other relatively well, and he was a TREMENDOUS help to me in grad school. However, I do think that education from heterodox schools like the New School is far more useful in the real world than education from bastions of neoclassical economics such as Chicago. This is for two reasons: 1. To be able to effectively critique conservative economics, one has to have a better grasp of the theory than the person who simply learns and regurgitates. Students who pass through heterodox programs tend to be better trained in conservatism than the conservatives themselves (IMHO). 2. In learning to critique standard track economics, students almost inevitably study at least one area of 'real world' economy. It is this knowledge of the real world which, ironically in many cases, makes heterodox economists more useful in business. E.g., Clinton appointed Laura Tyson as head economic advisor because she had experience in practical fields (labor and industrial organization). This of course drove the theorists into blind rages. (oh, oh, break my heart). maggie coleman [EMAIL PROTECTED] In a message dated 96-12-04 12:58:23 EST, [EMAIL PROTECTED] writes: >Maggie Coleman asks>>do you think this quote [about business >reluctance to hire economics Ph.D.s] is referring to Chicago or >the New School?<< > >probably both. My grad-school labor econ. prof., Clair Brown (an >institutionalist) used to emphasize over and over again that >Chicago-school economics was almost totally useless to both >business and government because of its ideology. > >in pen-l solidarity, > >Jim Devine [EMAIL PROTECTED] ><[EMAIL PROTECTED]> >Econ. Dept., Loyola Marymount Univ. >7900 Loyola Blvd., Los Angeles, CA 90045-8410 USA >310/338-2948 (daytime, during workweek); FAX: 310/338-1950 >"It takes a busload of faith to get by." -- Lou Reed. > > > > > >----------------------- Headers -------------------------------- >Return-Path: [EMAIL PROTECTED] >Received: from anthrax.ecst.csuchico.edu (anthrax.ecst.csuchico.edu >Received: from anthrax (localhost [127.0.0.1]) by anthrax.ecst.csuchico.edu >Date: Wed, 4 Dec 1996 09:55:44 -0800 (PST) >Message-Id: <[EMAIL PROTECTED]> >Reply-To: [EMAIL PROTECTED] >Originator: [EMAIL PROTECTED] >Sender: [EMAIL PROTECTED] >Precedence: bulk >From: [EMAIL PROTECTED] >Subject: [PEN-L:7721] useless Ph.D.s >X-Listprocessor-Version: 6.0c -- ListProcessor by Anastasios Kotsikonas >X-Comment: Progressive Economics >Content-Description: cc:Mail note part >Content-Transfer-Encoding: 7bit >Content-Type: text/plain; charset=US-ASCII >Mime-Version: 1.0 --------------------- Forwarded message: From: [EMAIL PROTECTED] Sender: [EMAIL PROTECTED] Reply-to: [EMAIL PROTECTED] Date: 96-12-04 12:58:23 EST Maggie Coleman asks>>do you think this quote [about business reluctance to hire economics Ph.D.s] is referring to Chicago or the New School?<< probably both. My grad-school labor econ. prof., Clair Brown (an institutionalist) used to emphasize over and over again that Chicago-school economics was almost totally useless to both business and government because of its ideology. in pen-l solidarity, Jim Devine [EMAIL PROTECTED] <[EMAIL PROTECTED]> Econ. Dept., Loyola Marymount Univ. 7900 Loyola Blvd., Los Angeles, CA 90045-8410 USA 310/338-2948 (daytime, during workweek); FAX: 310/338-1950 "It takes a busload of faith to get by." -- Lou Reed.
