Consider this: http://www.stat.uchicago.edu/~amit/MFI/A%20Response%20to%20Cochrane.html and try laughing at more than the references to Klein and Sachs.
Famous economists' most biting put-downs
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Well-known story in the sacred zip code. When Brian Hall accepted a job at HBS after getting denied tenure in the Econ department, Andrei Shleifer said to the entire Econ faculty at Brian's farewell party, "This is a great thing for both the economics department and HBS. The average IQ of both places will go up about 10 points."
Ouch.
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"I always like to think of these crises as analogous to a power failure, or analogous to what would happen if all the telephones were shut off for a time. The network would collapse, the connections would go away, and output would of course drop very rapidly. There'd be a set of economists who would sit around explaining that electricity was only 4% of the economy, and so if you lost 80% of electricity you couldn't possibly have lost more than 3% of the economy, and there'd be people at Minnesota and Chicago who would be writing that paper, but it would be stupid! It would be stupid! We'd understand that somehow even if we didn't exactly understand in the model that when there wasn't electricity, there wouldn't be any economy.”
Larry Summers
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It was origonally said by Samuelson referring to an instance of a MIT faculty leaving for Harvard
Well-known story in the sacred zip code. When Brian Hall accepted a job at HBS after getting denied tenure in the Econ department, Andrei Shleifer said to the entire Econ faculty at Brian's farewell party, "This is a great thing for both the economics department and HBS. The average IQ of both places will go up about 10 points."Ouch.
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Well-known story in the sacred zip code. When Brian Hall accepted a job at HBS after getting denied tenure in the Econ department, Andrei Shleifer said to the entire Econ faculty at Brian's farewell party, "This is a great thing for both the economics department and HBS. The average IQ of both places will go up about 10 points."Ouch.
this is however plagiarised by summers. geof Harcourt said it of his move from Cambridge (uk) to adelaide
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"Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is to get involved in a technical discussion of cavalry tactics at the Battle of Austerlitz. If I do that, I’m getting tacitly drawn into the game that he is Napoleon Bonaparte."
-Solow on refusing to debate New Classicals
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http://www.miltonfriedmancores.org/the-debate/
Here is a link to a bunch of letters about the MFIWhat a bunch of retards.
Yeah. The whole story was that they wanted to also get in on the action to so that they could also get the money. Now the econ department has a whole new building for themselves and the other guys got nothing. Have they moved into the new building already?
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There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.
- Paul Krugman
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There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.
- Paul KrugmanJohn Galt is an orc!