Tuesday 12 June 2018

A Passion for Economics

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I left the below comment at this blog.

Thanks for this fascinating biographical sketch. I don’t know your personal circumstances and ambitions; at any rate, your wonderful blog proves to me that you’ve already earned your Ph.D. I thoroughly enjoy—and indeed envy— your excellent writing as well as the conciseness and precision with which you get to the essential aspects of a topic. 

You face the subject of economics in its true complexity, rather than toying around in a fantasy world of abstract models. There is a price you must pay for that, though. Einstein said economics was too difficult for him. He was right, but then it is too difficult—a fortiori—for you and me. The subject surpasses our means of doing it justice. For that reason honest economists will experience recurrent frustration. All the more, the qualities that you bring to the challenge are of the essence if we are to make progress. Perseverance, humility, open-mindedness, breadth of interest. 

I wish many more readers would find access to your blog; the broad range of pivotal economic issues that you cover so well is nutritious food for the “true student”, a capacity that covers beginners no less than the seasoned expert.

I still have my well-worn and dusty copy of Ben Fine’s “Marx’s Capital” (Macmillan Studies in Economics), a reprint of 1982 which I read at about that time. 80 pages then from cover to cover. (The author doesn’t seem to age.)

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