by Gene Epstein on April 7, 2011
Bored by the prattling of the left-wing crowd who dominated the New School, I could find nothing very satisfying in mainstream economics either. The New School's left-wingers certainly cared about achieving a free society.
But their radical agenda mainly consisted of the "instrumentalist" ideas of the econ department's emeritus professor Adolph Lowe, which boiled down to coercing people into following the dictates of elitists like him.
My only real objection to conventional economics was that it also bored me. If a theory like "perfect competition" was remote from reality................................