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by hga
3550 days ago
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The successive editions of his books show a steady backing off of how wonderful their economy was as more and more facts about it couldn't be ignored. At the very least he believed their BS statistics; it's been so long since I looked at this in detail (like the '80s), I'd have to re-do the research, but you should be able to find something on the net about it. But it was utterly disqualifying, at least if you have a policy of avoiding Gell Mann Amnesia: http://www.goodreads.com/quotes/65213-briefly-stated-the-gel... Especially given how horribly difficult the topic of macroeconomics is, if you want to have a chance of getting it right there's no room at all for fundamental mistakes like his. |
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On Samuelson, I'm increasingly less impressed with him over time. I studied with his book (~17th edition or so, mid/late 1980s), and have compared later editions with the first (1948 IIRC). I'm not sure how much the economics improves, if any, but the tone and style of the earlier edition is much higher than the later books, which read as very nearly childish.
That said: if you've any narratives on the fall of the USSR you'd like to suggest, I'm all ears.