I just had lunch with a friend of mine who is a Marxist / Post-Keynesian economist. I was struck once again by something I first noted while meeting leftist economists in the UK like Tony Lawson and Andy Dennis: these folks tend to have much more respect for people like Mises and Hayek than do most mainstream economists (who have even heard of Mises or Hayek). They think Mises and Hayek got important things wrong, but at least they were wrestling with the really vital issues in basically the right sort of way, unlike today's mainstream, whom these leftists regard as (mostly) entranced by highly abstract models and out of touch with the real world. (My friend has great respect for the really top-notch mainstream people, whom he regards as being able to transcend those models and see them for what they are: abstractions.)
"If your approach to mathematics is mechanical not mystical, you're not going to go anywhere." -- Nassim Nicholas Taleb
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...