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Kasz216 on 18 March 2012
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badgenome said:
Kasz216 said:

I wouldn't limit it to JUST leftwing ecoconomists.  Or what would be defined as such anyway.

Economists in Academia i believe are around 50/50 in far of what's consider right wing economics and left wing economics.

Though admitidly Academia is just about the only place a leftwing economist can get a job... well outside the political sphere.

I mean it's worth noting that Monetarists are generally defined as the "Right Wing" economists.

Ben Bernake being part of that group.

Well, that's true. Though it seems that where Friedman "accepted" Keynesian arguments and ideas like the Fed in order to criticize them - i.e., I would abolish the Fed but since it exists, here's how it should be run - (something for which Rothbard never forgave him) the new generation of monetarists don't share Friedman's deep natural skepticism towards statist technocracy. Which, for however much homage they pay to Friedman's name and ideas, makes a world of difference.


Yeah, something I didn't get a chance to edit in before you replied...

I guess you could argue that America is "Left Wing" when it comes to economics in the broad sense.

Since Conteintental Europe Rejected Keynsianism, therefore their economic thinkers and policy makers aren't really effected by it.

Instead being influenced by the more conservative (though liberal for it's time) Freiberg school. 

Where Keynsian influences are the weakest, and huge backlash against stimulus exists... is Germany, who was rebuilt on the Frieburg schools back.  Coincidentally, Germany happens to be the most economically sound country in europe.

The Frieberg school suggesting government smothout some things, but being pretty skeptical of government... what, having been born essentially during Nazi Germany's rule.