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View Diary: Veblen--a political economist for today (69 comments)

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  •  Thorstein Veblen (1+ / 0-)
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    Your characterization of AFEE types is not quite correct. The founders of the organization are "older" and nearing or in retirement. Many members are in their 30s and 40s, actively training graduate students at places like the U. of Missouri at Kansas City, University of Denver, Colorado State University, several Cal State campuses, Ball State, University of Tulsa, and many smaller campuses across the West and Midwest. They have indeed been excluded from the major universities because the Institutionalist forte does not extend to econometrics, the preferred method of inquiry in the prestigious schools. (See the post a day or so ago about the econometric analysis showing that watching TV probably causes autism.)

    •  I hope you are correct (0+ / 0-)

      I once asked Lester Thurow of the Sloan School after a Veblen / Clark lecture at Carleton College if he could name one school where Veblen could get a Ph. D. in economics.  He wrinkled his massive forehead and said, "None that I can think of."  Glad he was wrong--at least at the level of Ball State.

      As for Institutionalism's econometric problem.  I once gave a paper at an ITVA (International Thorstein Veblen Association) conference during the height of the fuzzy logic craze (when the Asians were sticking fuzzy chips on everything from washing machines to machine tools) that suggested that fuzzy's perfect social application was Institutional Analysis.

      I got a room full of dog-watching-a-ceiling-fan blank stares.  I still think it is a good idea but it needs one of those young grad students to pull it off.  I have been told that fuzzy instructions can be written in Java, so who knows?

      Nothing is fool-proof to a sufficiently talented fool

      by techno on Fri Feb 23, 2007 at 09:49:00 AM PST

      [ Parent ]

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