In defense of backwater economics

Jamie Galbraith on why the distinction between Saltwater and Freshwater (at minute 26 or so of the video) is not a good one, and why we need Backwater economics. Backwater is actually a good name, since it may be caused by an opposing current, and that's what heterodox economics should be, a counter current to the main stream. The other parts of the panel with Krugman and Buiter here and here. This was during the INET Rethinking Economics conference, by the way.


Popular posts from this blog

A brief note on Venezuela and the turn to the right in Latin America

A few brief comments on Brexit and the postmortem of the European Union