RT Web Page DB /z-wcorg/ DS http://worldcat.org ID 613962349 LA English UL http://www.uq.edu.au/economics/abstract/369.pdf T1 From Galbraith to Krugman and back Galbraith, Krugman and 'Good Economics' A1 Duhs, Alan., University of Queensland., School of Economics., PB University of Queensland, School of Economics PP [Brisbane] YR 2008 AB "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.