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From Galbraith to Krugman and back : Galbraith, Krugman and 'Good Economics'

Author: Alan Duhs; University of Queensland. School of Economics.
Publisher: [Brisbane] : University of Queensland, School of Economics, 2008.
Series: PANDORA electronic collection.; Discussion papers (University of Queensland. School of Economics), no. 369.
Edition/Format:   eBook : Document : English
Database:WorldCat
Summary:
"J.K. Galbraith's heyday was in the 1950s-70s. He was one of the most cited economists of his time, and attracted much praise and blame. In 1994, Krugman was a caustic critic and dismissed Galbraith's influence as a victory of style over substance. He castigated Galbraith as but "a policy entrepreneur", yet by 2004, Krugman appeared to have undergone a striking metamorphosis, and his New York Times columns  Read more...
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Details

Named Person: John Kenneth Galbraith; Paul R Krugman
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alan Duhs; University of Queensland. School of Economics.
OCLC Number: 613962349
Notes: Title from title screen (viewed on 13 May 2010)
"June 2008".
Details: System requirements: Adobe Acrobat reader for viewing PDF files.; Mode of access: Internet via World Wide Web. Available at: http://www.uq.edu.au/economics/abstract/369.pdf.
Series Title: PANDORA electronic collection.; Discussion papers (University of Queensland. School of Economics), no. 369.
Responsibility: L.A. Duhs.

Abstract:

"J.K. Galbraith's heyday was in the 1950s-70s. He was one of the most cited economists of his time, and attracted much praise and blame. In 1994, Krugman was a caustic critic and dismissed Galbraith's influence as a victory of style over substance. He castigated Galbraith as but "a policy entrepreneur", yet by 2004, Krugman appeared to have undergone a striking metamorphosis, and his New York Times columns (2000-2006) conspicuously echo Galbraith's understanding of socio-economic issues. This newer Krugman questions consumer sovereignty, bemoans the power of producers, questions the uses to which State power is put, worries about a medical-industrial complex, and laments the hijacking of public policy by private interests. Is this new Krugman merely a journalist, who has left scientific economics behind, or has he 'seen the light' as to what really constitutes 'good economics' and a more holistic scientific procedure?"--Abstract.

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