Solow on class

Doug Henwood dhenwood at panix.com
Sat Jan 23 07:19:53 PST 1999


from an article in today's New York Times on the dismal state of the dismal science <http://www.nytimes.com/yr/mo/day/news/arts/heilbroner-economists.html>:

<quote> [Robert] Solow, however, is a pillar of mainstream economics. His economic growth theory, in which he explained the interactions of capital, labor and technology in generating economic expansion, is a model of economics practiced as a science. He would never, he said, "advise a student to go to work on the nature of the class structure."

"You are condemning him to failure," he continued. "We do not know if there are applicable rules." </quote>

Doug



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