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With respect to Manuel Santos' listing, Schumpeter may have been "really
upset with ... economics (Keynes)" but Schumpeter also wrote (Keynes and
Statistics, The Review of Economic Statistics 1946 28, November: 196) that
"Throwing discretion to the wind, they [the orthodox Keynesians] have
attempted to rush trenches that are stronger than they looked to them.
Econometricians behaved like the inexperienced armies of 1914-18, and with
exactly analogous results ... Keynes did not order these attacks".
Robert Leeson
Murdoch University
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