Which part is frightening, Sam?

On 4/8/2011 4:40 PM, Samuel Bostaph wrote:
> "Frightening" would be my term of choice, rather than "interesting."
>
> Samuel Bostaph, Ph.D.
> Champaign, Illinois
>
> "Men occasionally stumble over the truth, but most of them pick 
> themselves up and hurry off as if nothing happened."--Winston Churchill
>
> --- On *Fri, 4/8/11, Humberto Barreto /<[log in to unmask]>/* wrote:
>
>
>     From: Humberto Barreto <[log in to unmask]>
>     Subject: [SHOE] SHOE: DeLong on Econ Ed
>     To: [log in to unmask]
>     Date: Friday, April 8, 2011, 1:41 PM
>
>     I thought many on this list would find today's blog post by DeLong
>     interesting:
>
>     http://delong.typepad.com/sdj/2011/04/thoughts-on-economics-education-in-america.html
>
>     DeLong writes:
>
>     "I suppose that I am still astonished at the failure of the financial
>     crisis and the Great Recession to bring about a sea-change in the
>     teaching of graduate macro. I expected people to say: we need to train
>     our stunts to know--we need to learn--what Reinhart and Rogoff know.
>     There is no point in turning out students who know the models of
>     Prescott who do not know the models of Say, Mill, Bagehot, Wicksell,
>     Fisher, Hicks, Metzler, Friedman, Tobin--Keynes. There has been only
>     one road-to-Damascus conversion among those who previously darkeneth
>     counsel without wisdom: Richard Posner--who admits to never having
>     read Keynes in the past-- finally did so, and says that he is now a
>     Keynesian."
>
>
>     -- 
>     Humberto Barreto
>

-- 
Pat Gunning
Professor of Economics
Melbourne, Florida
http://www.nomadpress.com/gunning/welcome.htm