Quote Mugwump="Mugwump"
This is the reason I have [isome [/isympathy for the likes of Milton Friedmann. Since I can remember he's been the object of a concerted hate campaign by the anti-globalist brigade. And they do have a point - of sorts. But if these idiots actually bothered to read or listen to Friedmann they'd know he was hopping mad about the mis-application of his economic methodology for DECADES.'"
I agree, and economists like Hyman Minsky, Augusto Graziani, and Steve Keen have seen these flaws, and have been the voice of reason against the Chicago (or neo-classical) school of economic theory for decades, but obviously as their attempts to educate the political and financial powers that be fell on deaf ears. Which is what you would expect when the principles of that economic theory have made those same political and financial powers that be all the more wealthy, and all the more powerful.
