Monday, March 9, 2009

Rightwing Economics Departments Unswayed by Crashing Economy

Free market theory, mathematical models and hostility to government regulation still reign in most university economics departments. James K. Galbraith, economist at the Univ. of Texas, who has frequently been at odds with free marketers, said, “I don’t detect any change at all.” Academic economists are "like an ostrich with its head in the sand."

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