Eagleton on Spivak

[michael perelman]

It was Adam Smith.  By the way, Stiglitz is a "lightweight" [not an insult in
this case] as far as mathematical economics is concerned.  I suspect the he
would find much of the "cutting edge" work impenetrable.

Doug Henwood wrote:


> Michael Perelman told me that he ran into
> Stiglitz at a conference once and mentioned that Ricardo stated the
> theory of adverse selection - one of the things for which Stiglitz is
> famous - in ordinary prose 200 years ago, and Stiglitz was surprised
> to hear this.
>
> Doug

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu