An economist I respect

[Joseph Tracy]

Unfortunately, orthodox Keynesian thought  also has a large blank spot when it comes to the role of the health of the biosphere. As a humanitarian with faith in the possibility of a more sane and equitable economic system I like Krugman very much. But he basically never talks about global warming  or the limits of exponential growth in a serious way.   

On Jan 13, 2013, at 10:12 PM, Markekohut wrote:

> C' mon, Alice...you've been quoting good economists.....you know that a prevailing disease
> Of many economists---whole lot of 'em Chicago School, as Kit might say---is to see through their theory, not see the real world. 
> 
> That 's what makes the good ones good. 
> 
> Sent from my iPad
> 
> On Jan 13, 2013, at 5:44 PM, alice wellintown <alicewellintown at gmail.com> wrote:
> 
>>> The problem with economists in general is that they do not understand
>>> reality- global warming, the second law of thermodynamics, toxicology, peak
>>> oil, etc., which is to say, their initial assumptions are invalid. This is
>>> not the case with Ayres.
>> tt
>> Global warning is something most grade school kids now understand. And
>> the rest of these are easy enough for any intelligent and educated
>> person to understand.  Therre is no real problem with economists. It's
>> difficult for economists to convince people who see everything through
>> a limited political lens that there isn't a problem with everything
>> and everybody else who won't limit their own view to what the limited
>> lens allows one to see.