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Economists come under fire.

national | anti-capitalism | other press

Thursday December 31, 2009 16:13

by C. Antillon

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On the Irsheconomy blog, established by Professor Philip Lane, the good professor himself has begun to come under attack for his analyses.

Insightful criticisms of the establishment consensus on Irish political economy.

" The combination that NAMA offers, of security for the wealthy and impoverishment of the middling sort, is an academic economist’s wet dream.

* Remember: there is no limit to the amount of taxpayers’ money that can be shoveled down monetary rat-holes created by insolvent developers and bankrupt banks, and thus to directly subsidize the ostentatious weddings, racehorses, private helicopters, and mansions of that class. There is only a limit to the amount of money that can be spent on wages for productive people and public services for everyone.

* Belt-tightening is for the little people, and they would do well to remember that."

And then there's this little gem:

.."....Finally, in The Economist’s The World in 2010, the FT’s Lucy Kellaway writes: “In 2010, the decline of the MBA will cut off the supply of bullshit at source.”-" (Smurfit Business School please note)

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Comments (1 of 1)

by C.A.

publication date

Thu Dec 31, 2009 16:16

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Irisheconomy link.

http://www.irisheconomy.ie/index.php/2009/12/30/the-iri...ments

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