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Archive for January 5th, 2010

The Real Value to Society

I first came across this article during finals, but I didn’t have time to post it then.  After being reminded of it this morning, I thought I would share it. The BBC reports (here) on a recent publication by the New Economics Foundation that calculates the “real value to society of different professions” (report available [...]

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Via Crooked Timber (h/t Thoma),  James Galbraith has an article (pdf) for the NEA Higher Education Journal in which he takes on mainstream economics as a whole. First, he points to a quote from Krugman’s much cited NYT Mag piece from September: Of course, there were exceptions to these trends: a few economists challenged the assumption [...]

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