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	<title>Comments on: Rodrik on Disagreement Amongst Economists</title>
	<atom:link href="http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/feed/" rel="self" type="application/rss+xml" />
	<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/</link>
	<description>Out of the crooked timber of humanity, no straight thing was ever made</description>
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		<title>By: Barry</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206574</link>
		<dc:creator>Barry</dc:creator>
		<pubDate>Mon, 06 Aug 2007 19:33:00 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206574</guid>
		<description>&quot;The first group doesn’t care about destruction-they think that it is creative. Falls probably don’t bother them either, as that is probably called market correction.&quot;

Of course, this is the destruction and/or falls of other people.  One of the significant things about being a tenured economics professor is that one is insulated from a sh*tload of the economic turmoil of the past few decades, and the next.

Unless major state university systems started to off-shoring their economics departments, of course.  That could cause a lot of turmoil.</description>
		<content:encoded><![CDATA[	<p>&#8220;The first group doesn&#8217;t care about destruction-they think that it is creative. Falls probably don&#8217;t bother them either, as that is probably called market correction.&#8221;</p>

	<p>Of course, this is the destruction and/or falls of other people.  One of the significant things about being a tenured economics professor is that one is insulated from a sh*tload of the economic turmoil of the past few decades, and the next.</p>

	<p>Unless major state university systems started to off-shoring their economics departments, of course.  That could cause a lot of turmoil.</p>
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		<title>By: wood turtle</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206566</link>
		<dc:creator>wood turtle</dc:creator>
		<pubDate>Mon, 06 Aug 2007 17:08:05 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206566</guid>
		<description>Your knowledge of the Bible is extraordinary, although I don&#039;t really understand the reference for the second-best economists.  What&#039;s the fall and destruction?  The first group doesn&#039;t care about destruction-they think that it is creative.  Falls probably don&#039;t bother them either, as that is probably called market correction.  

Or are you just saying that the first group is prideful and haughty?   

You must have had a strong religous background and attended much Vacation Bible School.</description>
		<content:encoded><![CDATA[	<p>Your knowledge of the Bible is extraordinary, although I don&#8217;t really understand the reference for the second-best economists.  What&#8217;s the fall and destruction?  The first group doesn&#8217;t care about destruction-they think that it is creative.  Falls probably don&#8217;t bother them either, as that is probably called market correction.</p>

	<p>Or are you just saying that the first group is prideful and haughty?</p>

	<p>You must have had a strong religous background and attended much Vacation Bible School.</p>
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		<title>By: c.l. ball</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206565</link>
		<dc:creator>c.l. ball</dc:creator>
		<pubDate>Mon, 06 Aug 2007 16:57:55 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206565</guid>
		<description>Someone else had asked whether teachers allowed students to use Wikipedia as a source, like a text or monography in their papers. Only a few said they did.</description>
		<content:encoded><![CDATA[	<p>Someone else had asked whether teachers allowed students to use Wikipedia as a source, like a text or monography in their papers. Only a few said they did.</p>
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		<title>By: stuart</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206544</link>
		<dc:creator>stuart</dc:creator>
		<pubDate>Mon, 06 Aug 2007 10:38:21 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206544</guid>
		<description>&lt;i&gt;and a only a few considered Wikipedia a legitimate source.&lt;/i&gt;

Why would anyone consider Wikipedia a source? On the better articles it will summarise and point to them though. A better question would be how many of those historians have had quotes from their works contributed to Wikipedia (and many of them probably wouldn&#039;t know if they have).</description>
		<content:encoded><![CDATA[	<p><i>and a only a few considered Wikipedia a legitimate source.</i></p>

	<p>Why would anyone consider Wikipedia a source? On the better articles it will summarise and point to them though. A better question would be how many of those historians have had quotes from their works contributed to Wikipedia (and many of them probably wouldn&#8217;t know if they have).</p>
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		<title>By: Why do economists disagree? &#171; Entertaining Research</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206532</link>
		<dc:creator>Why do economists disagree? &#171; Entertaining Research</dc:creator>
		<pubDate>Sun, 05 Aug 2007 22:16:28 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206532</guid>
		<description>[...] do economists&#160;disagree?  Kieran Healy at Crooked Timber gives a pointer, and summarises the the argument in two lines using a.... Take a [...]</description>
		<content:encoded><![CDATA[	<p>[...] do economists&nbsp;disagree?  Kieran Healy at Crooked Timber gives a pointer, and summarises the the argument in two lines using a&#8230;. Take a [...]</p>
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		<title>By: John Emerson</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206530</link>
		<dc:creator>John Emerson</dc:creator>
		<pubDate>Sun, 05 Aug 2007 21:15:43 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206530</guid>
		<description>What Robert said. Good stuff. He forgot to mention the Nobelists Merton and Scholes, though.</description>
		<content:encoded><![CDATA[	<p>What Robert said. Good stuff. He forgot to mention the Nobelists Merton and Scholes, though.</p>
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		<title>By: Robert</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206517</link>
		<dc:creator>Robert</dc:creator>
		<pubDate>Sun, 05 Aug 2007 20:01:08 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206517</guid>
		<description>My favorite &lt;a HREF=&quot;http://robertvienneau.blogspot.com/search/label/Example%20in%20Mathematical%20Economics&quot; rel=&quot;nofollow&quot;&gt;refutations&lt;/a&gt; of what Rodrik calls &quot;first-best&quot; do not depend on inperfections in information, principal agent problems, lack of perfect competition, etc. Arguably, some, at least, of these refutations do not depend on General Equilibrium effects.

So I find it hard to conclude that &quot;first-best&quot; economists are not some combination of stupid, incompetent, and dishonest. I appreciate that I am labelling &lt;a HREF=&quot;http://robertvienneau.blogspot.com/2006/12/silliness-from-edward-prescott.html&quot; rel=&quot;nofollow&quot;&gt;some&lt;/a&gt; winners of the &quot;Nobel&quot; prize and &lt;a HREF=&quot;http://gregmankiw.blogspot.com/&quot; rel=&quot;nofollow&quot;&gt;other&lt;/a&gt; prominent economists.

Insofar as &quot;second-best&quot; economists pretend that &quot;first-best&quot; economists would have a point if only some such inperfection did not arise, they don&#039;t impress me. Here I&#039;m more &lt;a HREF=&quot;http://robertvienneau.blogspot.com/2007/03/challenge-yourself.html&quot; rel=&quot;nofollow&quot;&gt;torn&lt;/a&gt;.

It seems odd to me that a Harvard economist writing about &quot;Why economists disagree&quot; doesn&#039;t note that his profession seems to sanction recognized &lt;a HREF=&quot;http://robertvienneau.blogspot.com/2006/10/around-and-about.html&quot; rel=&quot;nofollow&quot;&gt;thieves&lt;/a&gt; as economists in good standing. I understand that academics are under social pressure not to point out that some of their colleagues are simply dishonest.</description>
		<content:encoded><![CDATA[	<p>My favorite <a HREF="http://robertvienneau.blogspot.com/search/label/Example%20in%20Mathematical%20Economics" rel="nofollow">refutations</a> of what Rodrik calls &#8220;first-best&#8221; do not depend on inperfections in information, principal agent problems, lack of perfect competition, etc. Arguably, some, at least, of these refutations do not depend on General Equilibrium effects.</p>

	<p>So I find it hard to conclude that &#8220;first-best&#8221; economists are not some combination of stupid, incompetent, and dishonest. I appreciate that I am labelling <a HREF="http://robertvienneau.blogspot.com/2006/12/silliness-from-edward-prescott.html" rel="nofollow">some</a> winners of the &#8220;Nobel&#8221; prize and <a HREF="http://gregmankiw.blogspot.com/" rel="nofollow">other</a> prominent economists.</p>

	<p>Insofar as &#8220;second-best&#8221; economists pretend that &#8220;first-best&#8221; economists would have a point if only some such inperfection did not arise, they don&#8217;t impress me. Here I&#8217;m more <a HREF="http://robertvienneau.blogspot.com/2007/03/challenge-yourself.html" rel="nofollow">torn</a>.</p>

	<p>It seems odd to me that a Harvard economist writing about &#8220;Why economists disagree&#8221; doesn&#8217;t note that his profession seems to sanction recognized <a HREF="http://robertvienneau.blogspot.com/2006/10/around-and-about.html" rel="nofollow">thieves</a> as economists in good standing. I understand that academics are under social pressure not to point out that some of their colleagues are simply dishonest.</p>
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		<title>By: samuel</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206516</link>
		<dc:creator>samuel</dc:creator>
		<pubDate>Sun, 05 Aug 2007 19:18:40 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206516</guid>
		<description>Rodrik is spot on.</description>
		<content:encoded><![CDATA[	<p>Rodrik is spot on.</p>
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		<title>By: c.l. ball</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206515</link>
		<dc:creator>c.l. ball</dc:creator>
		<pubDate>Sun, 05 Aug 2007 18:54:42 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206515</guid>
		<description>Disagreement over policy issues, that is. 

Interesting that Rodrik links to a Wikipedia entry. I asked a room of diplomatic historians at a panel on historians&#039; communication with the public how many of them contributed to Wikipedia -- not one raised their hand, and a only a few considered Wikipedia a legitimate source.</description>
		<content:encoded><![CDATA[	<p>Disagreement over policy issues, that is.</p>

	<p>Interesting that Rodrik links to a Wikipedia entry. I asked a room of diplomatic historians at a panel on historians&#8217; communication with the public how many of them contributed to Wikipedia&#8212;not one raised their hand, and a only a few considered Wikipedia a legitimate source.</p>
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		<title>By: bi</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206514</link>
		<dc:creator>bi</dc:creator>
		<pubDate>Sun, 05 Aug 2007 18:31:38 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206514</guid>
		<description>&quot;A third argument is that the government could never get complicated interventions right, so we are better off sticking with simple solutions.&quot;

If you ask me, this looks remarkably like the Genesis 1:1--1:31. The same line of argument as with creationism: we don&#039;t know, therefore we know.</description>
		<content:encoded><![CDATA[	<p>&#8220;A third argument is that the government could never get complicated interventions right, so we are better off sticking with simple solutions.&#8221;</p>

	<p>If you ask me, this looks remarkably like the Genesis 1:1&#8212;1:31. The same line of argument as with creationism: we don&#8217;t know, therefore we know.</p>
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		<title>By: derek</title>
		<link>http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/comment-page-1/#comment-206512</link>
		<dc:creator>derek</dc:creator>
		<pubDate>Sun, 05 Aug 2007 17:46:43 +0000</pubDate>
		<guid isPermaLink="false">http://crookedtimber.org/2007/08/05/rodrik-on-disagreement-amongst-economists/#comment-206512</guid>
		<description>But where are the economists who take &lt;a href=&quot;http://www.biblegateway.com/passage/?search=Matthew%2025:44-45&amp;version=9&quot; rel=&quot;nofollow&quot;&gt;Matthew 25:44-45&lt;/a&gt; as their text?</description>
		<content:encoded><![CDATA[	<p>But where are the economists who take <a href="http://www.biblegateway.com/passage/?search=Matthew%2025:44-45&#038;version=9" rel="nofollow">Matthew 25:44-45</a> as their text?</p>
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