Geoff Tily of the TUC spoke at what looked to be an important event at the LSE last night to launch a new book called The Econocracy, which I could not attend. In his notes for the event on the TUC blog he suggests that:
Academia blocks progress in economic thought
The so-called golden age after the war was not the result of chance: it was the result of a collective exercise of reason and political will. It is a grotesque parody to suggest it was only made possible by war. We should surely proceed on the basis that a second golden age is within our grasp.
I agree with both ideas. The solution is obvious: we have to shatter the stranglehold of falsehood that is sold as if it is economics by almost every university department that bears that name.
Which university department of political economy should we start with d’ye think?