Respect is not a gift. It is something you have to earn!

29 april, 2018 kl. 17:55 | Publicerat i Economics | Kommentarer inaktiverade för Respect is not a gift. It is something you have to earn!

respectEvery now and then yours truly gets some upset comments from people wondering why I’m not always respectful of people like Eugene Fama, Robert Lucas, Greg Mankiw, Edward Prescott, Thomas Sargent and others of the same ilk. Here’s a good hint at why it might sometimes be quite appropriate to be disrespectful:

Why can’t I be serious and respectful? Well, the answer is that we’re not having a serious conversation. There are real debates in economics — for example, about how much slack remains in the economy, how effective unconventional monetary policy really is, etc.. For those debates a respectful tone is appropriate. But when people resurrect 80-year-old fallacies, then claim that they never said what they said, then come right back with the same thing, we need colorful language to convey the deep unseriousness of their position.

Paul Krugman

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