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I thought it was a pretty simple question to ask you which
economists have stated that Galbraith is "discredited." Dave wrote: One does not generally speak unkindly of the dead, but here's an excerpt from his obit in The Economist: "Mr Galbraith was thus less an economist than a mixture of sociologist, political scientist and journalist." This, coming from a political blog-on-paper, is really not all that unkind. " ... Long after Mr Galbraith's brand of big-government liberalism fell out of favour, he remained its standard-bearer." Fell out of favor with whom? In other words, among *economists* Galbraith is not dicredited. Among politically oriented bigots, his political ideas have "fallen out of favor." That's a very far cry from being discredited. But this is a pretty close approximation of the answer I expected. Thank you. Furthermore, you haven't addressed *any* of Glabraith's central economic theories... among which is that advertising drives demand for common consumer goods... an idea you clearly believe yourself. Discredited? A laugh! In truth, I'm more interested in why Frank B apparently doesn't believe it. DSK |
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