Monday, January 06, 2014

Noah Smith Tells Us Academic Economists Are (Mostly) Ignoramuses

Noah Smith writes, "...An audience of academics wouldn't know an Austrian from a Post-Keynesian." So he creates a presentation organized around the pettiness and cronyism of economists. (His post from last year had some problems. For example, he cannot tell the difference between a Marxist and an anarchist.) If Noah wanted, he could have attended a session in which Geoff Harcourt introduced him to some Post Keynesian ideas. But maybe such knowledge would be of no help to his career.

3 comments:

Magpie said...

Well, there are some self-described Post-Keynesians who are hard to tell from Austrians

Robert Vienneau said...

I suppose G. L. S. Shackle was both. Among living economists, I like to think I could tell the difference just by looking at the references in their works.

Matias Vernengo said...

Sure enough Shackle was in between Hayek and Keynes. But I think the problem goes beyond the inability of the mainstream to understand heterodox contributions. The problem is that kids like Noah don't get the history of the mainstream right.