Re: [Phys-l] frizzi

[Hugh Haskell <haskellh@verizon.net>]

At 10:09 PM -0600 8/19/11, William Robertson wrote:
> There 
> are an equal number of qualified economists who realize that Keynesian
> economics has failed every time it's been tried, . . .

Two comments on this sentence:

1) where is the data on the number of non-Keynesian economists 
around? I would guess that we would have a hard time scaring up 50% 
of the qualified economists (that is those other than the 
"self-declared" ones) who are non-Keynesian.

2) You have phrased the comment as though this magical 50% have 
discovered a fact, rather than are expressing an opinion. The 
mainstream of the economic community is far from agreeing with your 
conclusion that Keynesian economics has "failed every time it has 
been tried." The failure of Keynsian economics is far from a settled 
issue, and claiming that it is a fact distorts reality. There 
certainly are economists who disagree with Keynesian theory, but I 
doubt that it is a majority and the "failure of Keynesian economics" 
is far from an established fact, regardless of what any given 
economist or group of them think.

Hugh
--

Hugh Haskell
mailto:hugh@ieer.org
mailto:haskellh@verizon.net

It isn't easy being green.

		--Kermit Lagrenouille