Monday, October 27, 2008

The Accidental Theorist - By Paul Krugman - Slate Magazine

The Accidental Theorist - By Paul Krugman - Slate Magazine: "Why did it happen? Part of the answer is that Greider systematically cut himself off from the kind of advice and criticism that could have saved him from himself. His acknowledgements conspicuously do not include any competent economists--not a surprising thing, one supposes, for a man who describes economics as 'not really a science so much as a value-laden form of prophecy.' But I also suspect that Greider is the victim of his own earnestness. He clearly takes his subject (and himself) too seriously to play intellectual games. To test-drive an idea with seemingly trivial thought experiments, with hypothetical stories about simplified economies producing hot dogs and buns, would be beneath his dignity. And it is precisely because he is so serious that his ideas are so foolish."

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