kids v. economists

[Vikash Yadav]

There seems to be a consensus that the discipline of economics is rigid and
averse to radical thought.  I am not sure that is correct.  It seems to me
that the discipline is quite prone to radical lurches in one direction or
another.  The paradigm shift from Keynes to Friedman seems pretty radical
and sudden to me.  If universities were really so conservative, how do we
explain this paradigm shift?

Overall, I think the discipline of economics (as a departure from political
economy) is very new and unsettled terrain.  The fad for abstract
formalization will probably be wiped out with the next paradigm shift.

Vikash Yadav
Philadelphia, PA