Calling in the loons

[Michael Perelman]

I don't think that theory is paramount, but business has spent hundreds of
millions of dollars to deform the study of economics.  The main thrust of
economics in the US during the early 20th C. was relatively progressive.
Many economists were fired.  Ford and Rockefeller gave many millions to
elite departments to change what they taught.

Why bother if the stakes were nil?

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

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