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View Diary: Killing Sacred Liberal Cows, or What Economists Think About the Economy (105 comments)

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  •  Agree Krugman and Stieglitz not gods- but follow (0+ / 0-)

    Brad DeLong's blog () for a while and you'll see a lot of detailed, technical critique of "accepted wisdom by established economists" which, according to him (I'll cheerfully admit I don't follow the details) is contradicted by sound, well-tested economic theory and reality. In other words, a lot of what passes for Serious Economics is actually navel-gazing divorced from reality.

    Krugman and Stieglitz have been proven right, a lot more than the "freshwater" economists, thus I invoke them. Find a Chicago School economist who's right more often than them and I'll change my tune.

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