Reply to Ted and Brad

[Michael Perelman]

Brad, I wonder if Keynes could publish today in the American Economic
Review?  Someone who worked as he did, without formal models and
statistical tests, could not be hired at any major university.

To say this does not diminish Keynes at all.

On Sat, Jul 07, 2001 at 07:31:45AM -0700, Brad DeLong wrote:
> >Keynes wasn't an "economist" in the contemporary sense. He didn't take the
> >"economic approach"...
> 
> ????
> 
> Then why would he write: "I find myself moved... to remind 
> contemporary economists that the classical teaching embodied some 
> permanent truths of great significance.... There are in thse matters 
> deep undercurrents at work, natural forces, one may call them, even 
> the invisible hand, which are operating towards equilibrium..." ?
> 
> Keynes was a more subtle and complicated thinker than you recognize...

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

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