Wednesday, April 23, 2008

Basic Economics is killed allegedly! By Chandra

Atilio Borón writes from a recent meeting and actually he made strong observation with our intellectuals ideas, particularly the below paragraph is worth notice.
“In line with its predecessor, the new book is a distillation of prejudices, stereotypes and commonplace statements, warped by exhausted and sterile minds. It would waste of time and energy to try to find a single sophisticated theoretical argument amongst its pages in defence of neoliberalism of the kind embodied by Friedrich von Hayek, Ludwig von Mises or Karl Popper. What there is, however, is an accumulation of ideas that do nothing more than serve to feed the most reactionary and recalcitrant spirits, and a profound disrespect for what, in scientific circles, is known as “evidence”, that is to say, the support given by data extracted from experience to a theoretical argument”. The full article is here.

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