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-   -   Noam Chomsky: Free Market Fantasies (http://www.elitetrader.com/vb/showthread.php?t=222125)

SouthAmerica Jun 14th, 2011 04:42 AM

Noam Chomsky: Free Market Fantasies
 
June 14, 2011

SouthAmerica: Noam Chomsky on Free Market Fantasies

Noam Chomsky: Free Market Fantasies Part 1 of 5
http://www.youtube.com/watch?v=SgFlJ...eature=related

Noam Chomsky: Free Market Fantasies Part 2 of 5
http://www.youtube.com/watch?v=Au2Ai...eature=related

Noam Chomsky: Free Market Fantasies Part 3 of 5
http://www.youtube.com/watch?v=4SWT4...eature=related

Noam Chomsky: Free Market Fantasies Part 4 of 5
http://www.youtube.com/watch?v=gAEAH...eature=related

Noam Chomsky: Free Market Fantasies Part 5 of 5
http://www.youtube.com/watch?v=em1bw...eature=related


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Noam Chomsky
http://thefinalcollapseoftheusdollar...msky_8716.html


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Debaser82 Jun 14th, 2011 07:29 AM

Chomsky is good on politics but should stay out of economics.

I don't get it why people step away from their speciality.

It must be vanity.

zdreg Jun 14th, 2011 07:52 AM

chomsky justified the murder of millions of cambodians by the khmer rouge. he is a dangerous person.

psytrade Jun 14th, 2011 08:57 AM

Quote:

Quote from zdreg:

chomsky justified the murder of millions of cambodians by the khmer rouge. he is a dangerous person.
Ya- I didn't know about that but he always struck me as a highly functioning narcissist... Like anyone who's ever looked at Chomsky's universal grammar would know its all bullshit.. but tens of thousands got degrees based on it.

Covertibility Jun 14th, 2011 09:10 AM

A big government man from way back--in an edition of his best-selling college textbook Economics, he argued that "the remarkable fact is not how much government does to control economic activity, but how much it does not do"-- Samuelson, now 93, gave an interview not long ago. The current crisis, he claimed, validates his own economic views--and invalidates those of his longtime rival, the late free-market economist Milton Friedman.

"Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself," Samuelson said. " ... Everyone understands now, on the contrary, that there can be no solution without government. The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas."

------Source: Paul Samuelson Vs. Milton Friedman


When it comes to Eco, go with the empiricists like Samuelson. I've got 2 books by the big guy on the way and am trying to think who else out there is worth a read. Just FYI, I was going to get his Linear Programming book but that was written in the 80's and am assuming there is a more modern update to that subject.

Churchill Jun 14th, 2011 09:32 AM

Quote:

Quote from Debaser82:

Chomsky is good on politics but should stay out of economics.

I don't get it why people step away from their speciality.

It must be vanity.

I agree, he should not stray from his specialty. Except that his specialty is linguistics, not politics. In economics and politics he is a complete dolt and an icon of the militant left. Chomsky has not met a commie fascist he dislikes or a free marketer that he likes. Do not get confused by his credentials as an academic.


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