Do US Republicans want a failed state?

[innonimatu]

I think it’s largely cognitive dissonance. Bigger winners like Friedman might couch their language to fit a team, but don’t make gross economic errors to protect their positions.

I think Krugman keeps going toward post-Keynesianism because it’s logic makes his brain itch and he can’t leave it alone, but keeps slipping because his biases distract him.

Krugman seems to have won a central place in the US. But he had competition back then. What do you think of Stiglitz? He did point out the problem of corruption inherent to the whole magnificent modern financial building. Even if he didn't call it by that name.
I never quite figured out what to think of him. His criticism of markets back in the 80s pointed out that they were imperfect, and was seized upon to "perfect" those markets by expanding them with futures, options etc... the whole financialization thing. Which was not Stiglitz's point, his view as far as I could see was that these were impossible anyway? He initially played a role in the Clinton administration but was quickly sidelined. I recall from his Whither Socialism that he at least didn't want to just destroy eastern Europe at the time.

 

[Hygro]

Cost to travel?

True, there’s no freedom in Europe.

Krugman seems to have won a central place in the US. But he had competition back then. What do you think of Stiglitz? He did point out the problem of corruption inherent to the whole magnificent modern financial building. Even if he didn't call it by that name.
I never quite figured out what to think of him. His criticism of markets back in the 80s pointed out that they were imperfect, and was seized upon to "perfect" those markets by expanding them with futures, options etc... the whole financialization thing. Which was not Stiglitz's point, his view as far as I could see was that these were impossible anyway? He initially played a role in the Clinton administration but was quickly sidelined. I recall from his Whither Socialism that he at least didn't want to just destroy eastern Europe at the time.

Sounds interesting. There’s a host of popular economists, like Stiglitz, I’ve given almost no thought to. Is Whither Socialism a good way to get to know, or does he have any other articles you recommend to get an idea of his thoughts?

As fun as it is to try to guess who the Spies are, the truth is everyone’s time is so limited I think most of these guys just got stuck trying to make the best of some bad ideas that landed their way.

Loanable funds predicts money... most of the time. So to does Spontaneous Generation predict the birth of new tadpoles and insects... most of the time.

 

[Farm Boy]

I'm not sure I have it sorted out that far.

I just know the roads take longer to get A to B as the crow flies and the trains are really really good but not inexpensive to use between cities. At least to my eye. It'd be relative of course.

I had an in-law married to an Englishman for a while. My favorite moment of his "wtf is wrong with you guys" was a celebration where everyone piled in a car and drove 100 miles one way for dinner. Which isn't normal at all, but it was a big family "Yay!" sort of thing. Poodoo. I miss those.

 

[AmazonQueen]

Frankly I see no compelling evidence for why the whole of southern England isn’t the London metropolitan area

Given Croydon insists its a separate city (when even most Londoners think of it as part of London) I dare you to go Sarf of the river and say that. Regional identities can be very strong and very local here and you have all the more reason to hate and despise someone when you are constantly being mistaken for one of them.

 

[EnglishEdward]

I just know the roads take longer to get A to B as the crow flies

Quite so.

The explanation is here:

https://www.poetryfoundation.org/poems/48212/the-rolling-english-road

 

[Farm Boy]

That was a fun read.

Now if only your ales cost less, I could afford to get drunk on them!

I know I know, imports, all that.

 

[innonimatu]

Sounds interesting. There’s a host of popular economists, like Stiglitz, I’ve given almost no thought to. Is Whither Socialism a good way to get to know, or does he have any other articles you recommend to get an idea of his thoughts?

It's old history now, was about economic policy towards (and in) the countries in the former soviet block, in the early 1990s. It's current interest might be to show that things could have gone differently during the Clinton administration, if Stiglitz (who initially was a member) had been heard instead of pushed away.