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Subject:
Re: SHOE: DeLong on Econ Ed (private)
From:
Samuel Bostaph <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Sat, 9 Apr 2011 15:09:12 -0700
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The thought that if someone is assaulted while walking in a "bad" part of town, Judge Posner will argue that he or she should pay for the urban renewal of the area to stimulate total spending.

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 Sat, 4/9/11, Pat Gunning <[log in to unmask]> wrote:

From: Pat Gunning <[log in to unmask]>
Subject: Re: [SHOE] SHOE: DeLong on Econ Ed (private)
To: "Samuel Bostaph" <[log in to unmask]>
Cc: "Societies for the History of Economics" <[log in to unmask]>
Date: Saturday, April 9, 2011, 2:17 PM

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

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