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View Diary: Uniformly Catastrophic (151 comments)

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  •  This is not to deny that most economists are (2+ / 0-)
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    ontheleftcoast, yaque

    truly awful and that their theories are not politically apologetic or ideologically biased, but they are not solely to blame for the current mess; many of them certainly share a large amount of responsibility in terms of removal of regulations and the advocacy of their removal ... they have also provided justifications for the massive inequality of wealth and income and for the policies that enabled it; but to argue that it derives from the fact that they do not consider crises or even uncertainty in their arguments and theories is just not correct. Hold them responsible for what they have done to create this situation not for the wrong things ... no need to give false blame when there are real reasons for anger! :)

    No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable (Adam Smith, 1776, I, p. 96).

    by NY brit expat on Sun Aug 02, 2009 at 04:18:32 PM PDT

    [ Parent ]

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