Japan grew very fast in the postwar period because its previous economists
were mostly excluded because of their fascist past, leading to a void that
Marxist trained economists filled. Eventually, Japan started hiring mostly
orthodox economists and their economy slowed down.
During the Depression, economists in the U.S. became more open. The economy
boomed. Leftist economists began to be excluded with McCarthyism and the
like. Then the economy slowed down. During the '60s, more lefties were
hired within a decade or so economy began to boom again.
Doug Henwood wrote:
>
> When I was in Frankfurt in June, I talked a bit with a left German
> economist, who told me the local profession was being totally
> Americanized, in both content and style. Even the principal journal
> has been renamed the German Economic Review (in German, of course).
> His own employment is fairly tenuous, the new hires are all
> neoclassicals, and the remaining lefties are on the run.
>
> Doug
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
