Wednesday, January 6, 2010

More on Samuelson's textbook and comparative systems

A fine post from marginal revolution that summarizes a new paper on the topic of why Samuelson got his Soviet economic predictions so wrong for so long: were the blinders methodological or ideological?

The comments are fun too. My favorites:
"Krugman temper-tantrum in 3, 2, 1..."
and
Perhaps Robert Conquest's words on the USSR were intended for people like Samuelson and his fellows: `I told you so, you f[***]ing fools.'"

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