The December 2 NEW YORKER carried an article by John Cassidy, "The Decline
of Economics." Basically, he trashes monetarism for unrealistic assumptions
(supply always equals demand and everyone has perfect knowledge about the
economy), its hyper mathematical formalism and its irrelevance to public
policy, business, and social concerns in general. Without ever really
coming out and saying so, he defends Keynesianism. Of course, "economics"
for this fellow means neoclassical economics, and he has no awareness, at
least not that's expressed in the article, of any heterodox theorists or
theories, neither Marxist, feminist, green, institutionalist, nor anything
else.
I'd like to know more about Cassidy, who he is, what's his background.
Anybody have any information?
Blair
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Blair Sandler
[EMAIL PROTECTED]
"It is astonishing what foolish things one can temporarily believe if one
thinks too long alone, particularly in economics...."
-- J. M. Keynes, the Preface to the GENERAL THEORY
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