“The background for this is that we were jointly at this conference—Dani, Gabriel, and I—at the Center for Advanced Study in the Behavioral Sciences (CASBS) at Stanford, where there were all of these intellectual historians and sociologists. And there was just this hostility towards economics as being responsible for all of the problems of neoliberalism. The three of us were just looking at people thinking, “This doesn’t bear any resemblance to the economics that we see in the academic seminars, to the work we’ve been doing, to the work we see graduate students doing.””
For the simple reason that the sort of hostility is directed at a bogeyman that doesn’t exist and never did — a fiction of their imagination to believe econ believes x because of absurd assumptions a, b &c ... this entire thing is a sign of intellectual confusion. The problem ain’t in econ, its with those other disciplines at CASBS conference making up a neoliberal bogeyman to let the failure of their preferred policies off the hook.
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