[OPE] Lecture for a Chinese Delegation

From: michael perelman <michael.perelman3@gmail.com>
Date: Fri Dec 17 2010 - 23:59:26 EST

I am going to give a talk to a Chinese delegation. I have to write up
the talk in advance for the participants to have a translation to read.

Any comments would be appreciated.

China presents a curious contradiction. Your country sees herself as a
socialist state, yet the influence of Western, capitalist-oriented
economics in the universities seems to be pervasive. Here in the United
States, many people put great stock in what the economists have to say.
  Part of this authority comes from academic credentials; part comes
from economists' ability to talk in pseudo-scientific terms.

Yet, this style of economics has left a trail of failures for decades,
culminating in the present economic crisis. In my book, The
Confiscation of American Prosperity: From Right-Wing Extremism and
Academic Economics to the next Great Depression, which came out just as
the stock market peaked in 2007, I predicted that terrible consequences
were sure to follow policies that academic economists were promoting.
Fortunately, a Chinese translation is in the works.

More at:


Michael Perelman
Economics Department
California State University
Chico, CA
530 898 5321
fax 530 898 5901
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Received on Sat Dec 18 00:03:30 2010

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