PIMCO quotes Minsky

Doug Henwood dhenwood at panix.com
Wed Jul 10 13:27:15 PDT 2002


Carl Remick wrote:


>>From: Doug Henwood <dhenwood at panix.com>
>>
>>Bradford DeLong wrote:
>>
>>>>Do you read Wall Street economics?
>>>>
>>>>Doug
>>>
>>>Clearly not as much as I should...
>>
>>If you have no professional reason to do so, don't bother. Most of
>>it's crap ...
>
>Hmm, and the difference from academic economics is?

Most of it is crap too, but a smaller share. And they're bad in different ways - bad Wall Street economics is subordinate to the sales effort, while bad academic econ is in a world of its own.

Doug



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