More Shop Talk Among the Idiot Savants

Stephen Williamson:

“You could make a good case for requiring only the core and a dissertation [and eliminated all other economics courses, e.g. economic history, history of econ thought, behavioral economics, etc.]. Getting a PhD in economics is about acquiring some basic tools, then learning to do research, which then directs what you read.”

Richard . . . → Read More: More Shop Talk Among the Idiot Savants

Shop Talk Among the Idiot Savants

Richard Serlin:

“You do see a lot of complaints from economists about economists [with a bachelors in math or physics, but] without bachelors in econ, not understanding intuitively much of the field.”

Serlin is a professor of finance at the U. of Arizona.

Notes from the Land of the Idiot Savants

Richard Serlin illustrates the typically pencil thin economic understanding of today’s standard issue professor of economics with an example:

I remember talking to a nationally respected econometrician on a very basic IO issue, Microsoft’s anti-trust case, and him showing not even elementary understanding.

LARRY SUMMERS BIG BET AGAINST BRITAIN

Larry Summers at Bretton Woods:

“I have always been an empiricist, so I will be happy to say that if Britain enjoys a boom over the next two years coming from increased confidence, I will be required to quite radically rethink my view of how the macroeconomy operates, and to be quite contrite about the . . . → Read More: LARRY SUMMERS BIG BET AGAINST BRITAIN

U. of Washington Professor Wants to Bring Down the Market System — Calls For 21st Century General Strike Against America

U.of  Washington professor Devon Pena writing in the far left newspaper Truth Out:

“New organizational forms of resistance and terrains of struggle are emerging that could allow the multitude to respond more effectively to current neoliberal strategy based — semiotically, anyway — on a contrived public debt crisis caused by tax breaks to the . . . → Read More: U. of Washington Professor Wants to Bring Down the Market System — Calls For 21st Century General Strike Against America

WHERE TO STUDY HAYEK & HAYEKIAN IDEAS? Part 1

I’ve always recommended that folks interested in some aspect of Hayek’s work take that interest and pursue studies with a professor doing something somehow related to that interest with the best track record of placing his or her students in solid research positions at the top universities, or near the top.

So if your are . . . → Read More: WHERE TO STUDY HAYEK & HAYEKIAN IDEAS? Part 1

QUESTIONS ABOUT HAYEK & CLASSICAL LIBERALISM FROM A BRITISH ECONOMIST

James Reade, Lecturer in Economics at the U. of Birmingham, wants to learn more about Hayek and Hayekian political economy.  Here are some of the topics he’d like addressed — if some folks could take the time to give Reade some answers, Army of Davids style, that would be much appreciated:

could [you] do me . . . → Read More: QUESTIONS ABOUT HAYEK & CLASSICAL LIBERALISM FROM A BRITISH ECONOMIST

HAYEK IS EFFECTIVELY BLACKBALLED FROM THE AMERICAN UNIVERSITY

Friedrich Hayek is almost universally recognized as one of the most profound and influential thinkers of the modern period.

But a person could throw rocks for a month on any campus in America and not hit a professor with any competence or interest in the work of one of the few thinkers of the last . . . → Read More: HAYEK IS EFFECTIVELY BLACKBALLED FROM THE AMERICAN UNIVERSITY

THE CLOSED SOCIETY — THE LOCK-STEP MIND OF YOUR LOCAL UNIVERSITY FACULTY

Researchers who privately think thoughts outside the lock-step world of the leftist party line fear speaking their minds in psychology departments from coast to coast — the New York Times reports on the Orwellian reality of modern “scientific research”.

YES, THERE IS NO INTELLECTUAL DIVERSITY

At Yale University.

Stupid professors produce stupid voters

Anyone who’s been near a University in the last 50 years is well aware of this phenomena. Quotable:

“An introductory politics subject, Contemporary Ideologies and Movements, devoted one week to liberalism and conservatism. For the following 11 weeks, it examined different variants of socialism and green ideology as well as feminist and lesbian political movements. . . . → Read More: Stupid professors produce stupid voters

The damaged reputation of macroeconomics

Even MIT economists are admitting the obvious. (pdf)  Chances the profession will heal itself?  I don’t see it as long as the cash and the work keeps rolling in from the Federal Reserve, the NSF, the Federal bureaucracy, and from government supported students — and as long as the elite in the profession continue to . . . → Read More: The damaged reputation of macroeconomics

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Random Quote

The method of relying upon competition [to order our affairs], if it is to be made effective, requires a good deal of government activity directed toward making it effective and toward supplementing it where it cannot be made effective. — F. A. Hayek

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