Jamal Awil

← Never Let a Serious Crisis Go to Waste

Mostly, Americans just got what they paid for. [fact]

Griliches was merely stating the obvious: “legitimate” economists produce the sorts of knowledge that their patrons desire, within the trajectory of their accumulated intellectual heritage; that list of patrons includes neoliberal elements within the government, with their allies in selected ranked economics departments and think tanks. Congressmen today should not act as though the DSGE model and its precursors were somehow foisted upon unsuspecting regulators and an innocent public by imperious economists. Mostly, Americans just got what they paid for.

Philip Mirowski, Never Let a Serious Crisis …, loc. 806