Paul Davidson: What Makes Economists So Sure of Themselves, Anyway?
Date: 2012-01-19T20:22:20.307
Author: Philip Pilkington
Editor note: In a recent interview I asked the US’s leading post-Keynesian economist and founder of the Journal of Post-Keynesian Economics, Paul Davidson to discuss what is known as the ‘ergodic axiom’ in economics. This is a particularly important axiom as it allows mainstream economists (including left-wing Keynesians like Paul Krugman and Joseph Stiglitz) to claim that they can essentially know the future in a very tangible way. It does this by assuming that the future can be known by examining the past
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View original artilce: http://www.nakedcapitalism.com/2012/01/paul-davidson-what-makes-economists-so-sure-of-themselves-anyway.html
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