tag:blogger.com,1999:blog-8595404115121834255.post939181697665669721..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: Why is neoclassical economics so resilient?Matias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8595404115121834255.post-2628001964939679712012-07-29T13:13:33.752-04:002012-07-29T13:13:33.752-04:00Yep Schumpeter called it the Ricardian Vice. In al...Yep Schumpeter called it the Ricardian Vice. In all fairness mainstream economists too go for policy makers, but are forced to do it on the basis of incoherent theory. But that was never an impediment for their advice of course. And yes Keynes is actually quite easy to read and one of the myths about Keynes is that it is hard to follow!Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-3972443048198151762012-07-28T12:12:20.055-04:002012-07-28T12:12:20.055-04:00Keynes' approach was always to go after policy...Keynes' approach was always to go after policymakers. Of course it also meant that his ideas were communicated effectively enough to fellow academics.Unlearningeconhttps://www.blogger.com/profile/13687413107325575532noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-23528781764032214692012-07-27T13:40:21.671-04:002012-07-27T13:40:21.671-04:00Sure, dissemination and policy proposals are essen...Sure, dissemination and policy proposals are essential. One can have some influence even if one is marginal from the point of view of theory. Look at Marx's list of policy proposal in the Communist Manifesto and you'll see how much now is common sense, even if Marx is and never was mainstream.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-44512326863751165932012-07-27T13:38:31.704-04:002012-07-27T13:38:31.704-04:00Veblen, Galbraith (father) and other old instituti...Veblen, Galbraith (father) and other old institutionalists are essential authors, provided they are embedded within classical-Keynesian principles, meaning that distribution results from class conflict and the level of activity is demand determined.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-35685430328397655562012-07-27T13:36:35.876-04:002012-07-27T13:36:35.876-04:00Finance is an even more difficult field than econo...Finance is an even more difficult field than economics. I suggest you read my paper with Esteban Pérez on the development of financial theories here http://www.paecon.net/PAEReview/issue52/CaldenteyVernengo52.pdfMatias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-54292208249248491462012-07-27T05:54:38.361-04:002012-07-27T05:54:38.361-04:00Dialog with mainstream is probably inconsequential...Dialog with mainstream is probably inconsequential, but not so for communication with population in general.<br /><br />So, not only "maintaining serious and autonomous research" can be done. A procedure for disseminating HE can be developed and launched at least at HE blogs.<br /><br />Will such procedure enlarge HE blogs audience? And spill-off them? We can only know by trying.<br /><br />(Such a procedure can based on semantic analysis of HE.)Paulo Garridohttps://www.blogger.com/profile/14362132264754984326noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-79207626302788820322012-07-26T13:55:26.984-04:002012-07-26T13:55:26.984-04:00I still think they should both try to penetrate fi...I still think they should both try to penetrate finance and finance departments and also go afte policymakers. Those working in the real world know that mainstream economics is a crock.TheIllusionisthttps://www.blogger.com/profile/17642837989235595346noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-59940573946104829732012-07-26T13:49:05.188-04:002012-07-26T13:49:05.188-04:00The task of a heterodox economist interested in po...The task of a heterodox economist interested in policy should be to bring it into popular culture. Of course I think this can only be done with Veblen's ideas, with the surplus approach following in it's coattails :)Anonymousnoreply@blogger.com