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Thursday, April 25, 2013

Jonathan Portes advises on Which Economists we should listen to

Well, I for one, read Jonathan Portes at his blog: NotTheTreasuryView but also at the excellent new site pieria .
What he suggests is
that policymakers and the public should listen to economists who fulfill two criteria: first, they have made empirically testable predictions (conditional or unconditional - see Krugman here) that have proved, by and large, to be broadly consistent with the data; and second, they base those predictions on an analytic framework (not necessarily a formal model) that is persuasive.

SS. For exactly the same two criteria J.Portes proposes, I am not that keen on reading our Yiannis Varoufakis, who contributes at pieria. You see, I have a third criterion, i.e. brevity.

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