Tuesday, October 14, 2008
And, incidentally, amidst the encircling gloom as people clutch desperately at the straws of old, deluded gods - von Mises, Friedman, Hayek, Marx, Mandelson, Brown - it may be worth drawing your attention to one of the most unjustly ignored of all economists, G.L.S.Shackle. He didn't think we made rational choices, nor that probability taught us anything of value about the real world. But Shackle is not taught so Nassim was entirely justified in telling a vast audience at the London School of Economics last night to drop their study of economics and take up dentistry - 'a robust science'. There wasn't a bat squeak of dissent.
Posted by Bryan Appleyard at 2:58 pm