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Lars P. Syll — Damon Runyon’s Law

Summary:
Robert Solow destroys economics as a hard science. Of course, he is not alone in this. Heterodox economists have been pointing this out for a long time, and so have observers from other disciplines looking in. And this is not the only reason. For example, key terms are poorly specified as shown by the Cambridge capital controversy that Solow was involved in with Samuelson on the losing side. Business schools figure this out some time ago and switched to the case method.Lars P. Syll’s BlogDamon Runyon’s Law Lars P. Syll | Professor, Malmo UniversitySee alsoAdam Curtis videoEconomics — nothing but an ideological paranoia

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Robert Solow destroys economics as a hard science. Of course, he is not alone in this. Heterodox economists have been pointing this out for a long time, and so have observers from other disciplines looking in. And this is not the only reason. For example, key terms are poorly specified as shown by the Cambridge capital controversy that Solow was involved in with Samuelson on the losing side.

Business schools figure this out some time ago and switched to the case method.

Lars P. Syll’s Blog
Damon Runyon’s Law
Lars P. Syll | Professor, Malmo University

See also

Adam Curtis video

Economics — nothing but an ideological paranoia

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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