William Vickery question

Marta Russell ap888 at lafn.org
Sat Feb 27 11:38:34 PST 1999


Michael Yates wrote:


> Marta,
>
> Yes, he was. Vickrey's economics was, as Paul Sweezy put it to me at
> luch one day, pretty trivial. However, Sweezy said that the Nobel
> committtee (in this case, the Swedish Central Bank, I suppose) must not
> have known about Vickrey's politics, which were left of center. Vickrey
> was an old New Dealer and quite liberal. He planned to use his Nobel
> award to speak out on liberal issues, but poor man, he died soon after
> getting the prize. I told a conservative friend of mine that this was
> probably a right-wing plot!

What I like about Vickery is that he called the " so-called 'natural' unemployment rate one of the most viscious euphemisms ever coined."

Thanks for your quick response. Best, Marta



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