Putdowns with style — economists’ version

By Lorenzo

I was very chuffed when my favourite econblogger made one of my comments the centrepiece of a post. That is a prominent economist being nice.

groucho-marx

Then there are economists engaged in public putdowns. In 2002 Kenneth Rogoff penned an open letter to Joseph Stiglitz. In Scott Sumner’s words:

I used to think that Ken Rogoff’s 2002 letter to Joe Stiglitz was the most devastating demolition of the arguments of an esteemed (but rude) economist that I’d ever read. But now we have a new open letter to Paul Krugman …

this-time-is-different-eight-centuries-of-financial-folly

Carmen Reinhoff and Kenneth Rogoff are co-authors of the splendid study This Time Is Different:  Eight Centuries of Financial Folly.

Perhaps it is a bad idea to seriously annoy a Chess grandmaster, which Rogoff is.

As an aside, I have no particular view about any connection between debt and growth, an issue which has become particularly heated due to controversy over the computations in the 2010 paper by Rogoff and Reinhoff. Though it is a good idea to read Evsey Domar‘s classic 1944 paper on the subject. (But Domar is a particular intellectual hero of mine because of his work on the economics of bondage.)

This is also the Saturday chit-chat post.

 

ADDENDA  On debt and growth, see this comment on the empirical and analytical difficulties.

186605-strip

ADDENDA ALSO Could not resist the above Dilbert gem (via)

2 Comments

  1. kvd
    Posted June 9, 2013 at 3:18 pm | Permalink

    Blind golfers should play at night. But I’m pleased to see you at least have the beard 🙂

  2. Mel
    Posted June 9, 2013 at 5:32 pm | Permalink

    Shame on you, Lorenzo.

    You’ve mansplained with an unacknowledged sense of white male enitlement; you’ve offended historically marginalised religions who place great value on the beard; you’ve failed to provide a trigger warning for the huge phallic symbol that threateningly thrusts itself out of Groucho’s mouth; and you’ve failed to acknowledge the traditional owners of the land.

    If I knew where you lived I’d send some radfem lesbians around to your house to bang pots until you agreed to unpack your knapsack of privilege and set fire to its contents.

    Apart from that I hope you’ve had a nice weekend 😉

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