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This diary should be added to the Socratic Economics series, IMO.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jan 12th, 2009 at 04:53:50 PM EST
What is the Socratically posed question?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Mon Jan 12th, 2009 at 05:24:03 PM EST
[ Parent ]
I don't think that it really fits in the Socratic economics series.

But I definitely think that it deals with the Anglo Disease.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Jan 12th, 2009 at 06:25:38 PM EST
[ Parent ]
What is interest?

Diversity is the key to economic and political evolution.
by Cat on Mon Jan 12th, 2009 at 07:25:43 PM EST
[ Parent ]
What is the Socratically posed question?
How does rent seeking behavior apply to capital and labor in contemporary societies?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jan 12th, 2009 at 09:52:07 PM EST
[ Parent ]
But that was not Socratically posed but answered more or less fully!

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Tue Jan 13th, 2009 at 02:30:28 AM EST
[ Parent ]
There are a number of illuminating inner dialogues in this thread that complement material already in the series and that will be effectively lost to those not possessed of your recall ability if it is not especially marked.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Jan 13th, 2009 at 03:51:22 PM EST
[ Parent ]

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