Academic economists seem to think they& #39;re doing a lot to address bad economics by endlessly rehashing big, important arguments and issues from days gone by, tramping in a little huddle down well worn paths, thrashing the bushes. Bad #economics of today simply looks on and laughs.
The bad economics of today that is causing all the problems is not on that path. It& #39;s an altogether more elusive beast, hinging not on explicit, considered, astute disputes, but on rhetorical chicanery, mistakes, errors, lacunae, conflation, equivocation. #economics
To address the bad economics causing all the confusion, conflict, and anti-democracy sentiment, I contend all one need do is think seriously about what orthodox neoclassical welfare economics really says and address the view it says something else. #economics
When we& #39;re all again clear on what orthodox neoclassical welfare economics actually says, it becomes that much easier to discuss the pros and cons of neoclassical economics itself. Simplify, don& #39;t complicate. That& #39;s my motto, or one of them, anyway. #economics