- --- Michael Perelman <michael at ecst.csuchico.edu>
wrote: > This is a hilarious example of how economists
frame
> things-- a market solution
> for all ills.
Nobody who has ever tried to take out even the comparative sure-thing of an MBA loan would ever have bothered to darken paper with the supposition that "borrowing against future increased earnings from education" is something that the world's financial markets are likely to be dedicating capital to any time soon.
dd
I have begun to believe that the easiest route to being a columnist is to be an economic columnist. People assume that one knows what one is talking about. After reading the columns on NYT (Krugman) and Slate (Landsburg). I think that they live on pure prestige of the profession. Krugman runs from good to simply spouting bad logic without providing decent justification, which is pretty bad for a professor from a top 10 department; Landsburg is simply a BS artist (see his latest column in Slate, http://slate.msn.com/Economics/00-09-20/Economics.asp and see how many errors you can spot).
Barry