May 2, 2016

Let’s do it

Comment on Barkley Rosser on ‘The Legacy of Joan Robinson’


Joan Robinson clearly recognized that economics is a failed science. Her legacy consists in one sentence: “Scrap the lot and start again.”

Economists did no heed Joan Robinson’s call for a paradigm shift, that is, for the complete scrapping of Orthodoxy. This is why something like ‘economic science’ does not exist until this day. For this reason the title “Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel” has to be brought in line with reality by scrapping the word sciences.

The idea that Joan Robinson would have accepted, say, DSGE as science or, say, Barkley Rosser as scientist is beyond ridiculous. To honor Joan Robinson means literally: “Scrap the lot and start again.”

Egmont Kakarot-Handtke

Immediately following post 'Joan Robinson and the ‘throng of superfluous economists’'.