Tag Archives: economic orthodoxy

Neo-Classical Economics: “Nailed to Its Perch” by Peter Radford from Real World Economics

I am reading the “End of Theory” by Richard Bookstaber (unfortunate name for an author) referenced in this insightful article, which memorably relates current Neo-Classical economics to the Monty Python sketch about the dead parrot nailed to its perch. 🙂 I … Continue reading

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Countering Orthodoxy: Top Ten Tips

People sometimes ask me what I am trying to achieve with this blog. Clearly I am not just posting material that fits my view of the world. I sometimes post material that I disagree with, or more often, think is … Continue reading

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The Dentistry Approach to Economics versus Occupy Wall Street

There is a great piece in the New York Times today that is summarized in the Real World Economics blog by Edward Fulbrook at http://rwer.wordpress.com/2011/11/06/the-%E2%80%9Cdentistry%E2%80%9D-approach-to-economics/ IT’S become commonplace to criticize the “Occupy” movement for failing to offer an alternative vision. But … Continue reading

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The Idiocy of the Modern Economics Profession

I admit it. I used to be an economist, but I took the cure. I have nevertheless always liked the work of John Kenneth Galbraith (1908-2006) http://en.wikipedia.org/wiki/John_Kenneth_Galbraith and now his son James K Galbraith (1952-) has said something memorable: ‘Leading … Continue reading

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