[mcguire]

(I'm going to break up my initial response to this article into several pieces, because if I don't, everyone will read the first sentence, down vote it, and ignore the rest. Plus, it gives everyone an opportunity to downvote me several times. :-))

Is it ironic that this was written by Bryan Caplan, Ph.D., a professor[1] of Economics[2] at George Mason University?

[1] I'm getting a certain amusement from the image of Prof. Caplan, at a meeting of the current Economics faculty discussing prospective faculty candidates, voting against all the U. of Chicago grads in favor of Earl, who has a GED and audited a few economics classes.

[2] Economics? Really? The most signally of the signaling degrees. The field which, aside from its ability to demonstrate rightthink, is worthless outside academia and politics, not least because of its long history of disconnection with reality.

(End part 1: mockery.)

[triangleman]

My understanding is that of all schools of economics, the Chicago school is the least disconnected from reality, in that it rightly recognizes its own "dismal" science as a social science first.