02/03/2009

The changing fame of economists

It'll be interesting to see whether current changes in economic fashion will remain after the crisis, or if after a few years all will have been forgotten and the 'Friedmanites' will take control again. But for the moment it is reinvigorating to see the rebirth of 'old fashioned' economists. John Keynes and Hyman Minsky were among the first to be remembered, but others are now coming to the fore. Notice for instance this article on James Tobin, the famous proponent of the 'Tobin Tax' on financial markets.