I have never seen someone demolish a scholar’s reputation as savagely as Richard Epstein demolishing his own. https://www.newyorker.com/news/q-and-a/the-contrarian-coronavirus-theory-that-informed-the-trump-administration …
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Hell, it doesn't stop at the "law and economics" movement. Look at all the serious right wingers (some Nobel prize winners!) who said that inflation would come from QE and stimulus (2008) was "schlock economics".
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Economics as a discipline doesn't even "police" itself with all the pseudo-social science BS it pushes. NBER and the top 5 journals still tolerates eugenics-lite arguments to explain economic inequality.
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Segments of the Chicago school still hold onto the rational expectation hypothesis and Beckerian microeconomics though most of it has disproven through the empirical revolution
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Fair. Economics kind of acts like a bystander. But it wasn’t. Curious as to how many prominent economists have written peer reviewed articles—or popular ones—attacking L and E.
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At what point have economic academics ever been right about anything? My B-school economics professors were the most useless bunch of never worked in the real world group of arrogant windbags ever. Taught me everything I needed to know about the ‘science’. Philosophy with graphs.
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And then she realized it was wrong, dedicated her career to helping working people, ran for president and lost. You're posting this because you want her to...lose the primary again? Re-enter the race and drop out once more?
End of conversation
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I've often asked throughout this pandemic: what does Richard Posner think we should do?
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He’s really locking down the second worst Epstein title.
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