Concerning the howlers that I found in that book concerning Marxism, I think it is significant that the only tenured Marxist economist in the US at that time was Paul Baran at Stanford. And he passed away that very same year from a heart attack. So there were hard anyone around in the academy back then that could call out the kind of nonsense that was perpetrated by many of that book's contributors, including its editor.
Jim Farmelant http://independent.academia.edu/JimFarmelant http://www.foxymath.com Learn or Review Basic Math
---------- Original Message ---------- From: Doug Henwood <dhenwood at panix.com> To: lbo-talk <lbo-talk at lbo-talk.org> Subject: Re: [lbo-talk] The Invisible Hand, ed. Adrian Klaasen, circa 1965 Date: Sat, 3 Feb 2018 16:24:20 -0500
> On Feb 3, 2018, at 1:48 PM, Jim Farmelant <farmelantj at juno.com> wrote:
> On the other hand, the book does include a piece by Henry Wallich, who was an economist who would later serve on the board of governors of the Federal Reserve, under Nixon. His piece, “Economic freedom versus Organization”, from his own book, Cost of Freedom, seems a bit more intelligent than some of the other pieces in this book.
I took monetary economics from him in college. He was deeply boring.
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