“The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.” SaidPoliticalEconomyModernCrisisWestFinancialIdeologyFrightenedPollutionThey SaidEconomistPrevailingFinancial CrisisPolitical Economy Author:James Buchan
“An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in Davenport's coal cellar) once said: "There is no reason why theoretical economics should be a monopoly of the reactionaries." All my life I have tried to take this warning to heart, and I dare call it to your favorable attention.” ShouldHeartSaidTwoReasonAttentionGenerationsEconomicsDareReason WhyNo ReasonWarningCoalEconomistMonopolyTheoreticalReactionariesCellars Book:The Collected Scientific Papers of Paul Samuelson, Volume 3 Source: The Collected Scientific Papers of Paul Samuelson, Volume 3