Incurable Optimists

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 171-173 from Palgrave Macmillan

Abstract: Abstract In the status hierarchy of my profession, the Wall Street economist holds a strangely prominent role. Typically, though not always, he lacks academic standing, analytical achievement, significant publication. Research is foreign to him; independent thought unknown. His job is mainly to get his name into the papers. At this he works exceptionally hard. And the financial pages, which in their turn exist mainly to celebrate the great financial houses, oblige. Hence the Wall Street economist has the luxury of seeing his thoughts in print, without the burden of actually … well, of actually thinking.

Keywords: Public Spending; Incurable Optimist; Status Hierarchy; Budget Surplus; Household Debt (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_50

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DOI: 10.1057/9780230236721_50

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