[lbo-talk] possible bumper sticker?

[Alan Rudy]

I am a little out of my depth here, no student of neoclassical economics
I...
but _I_ thought stagflation was rooted more in "newfound" Euro and
East-Asian competitiveness, domestic failures to upgrade capital stocks and
that little thing called the OPEC oil shocks... far more that structural
phenomena tied to parallels between micro and macro economics.
1) Were these part of the Chicago School "predictions" that Krugman's
praising here or is his account just a tad too national/macro-micro,
ahistorical and prepolitical?
2) If I'm right about the problems in his account of the Chicago School
"predictions" would the same kinds of criticism apply to the "predictions"
he and his cohort have made for the last decade or so?

On Sun, Oct 31, 2010 at 8:44 AM, Eubulides <autoplectic at gmail.com> wrote:


> You really have to wonder if economics has become completely unmoored
> from evidence, whether anything can ever convince anyone that they
> were wrong.
>
> <
> http://krugman.blogs.nytimes.com/2010/10/30/the-moral-equivalent-of-stagflation/
> >
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

-- 
*********************************************************
Alan P. Rudy
Dept. Sociology, Anthropology and Social Work
Central Michigan University
124 Anspach Hall
Mt Pleasant, MI 48858
517-881-6319