Sunday 28 May 2023

Samuelson demolished

 Paul Samuelson is one of the more esteemed academic economists of our time. I have to say I thought him overrated after reading Joan Robinson demolishing him in the cambridge capital controversies. ( Incidentally Joan Robinson who was no beauty was possibly the best writer of economics I have read!)  The cambridge controversy was a mere interesting but esoteric titbit in economics.

Andrew Gelman completely takes apart Samuelson in a short but  highly interesting article.

Okay he now thinks he was wrong on some things!

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