Like Rain on Your Wedding Day
Daniel Davies notices the University of Notre Dame doing a very, very strange thing.
Do you find yourself considering the financial crisis and thinking “well, neoclassical economists have certainly come through this one with their reputations enhanced! Anyone with a world-class heterodox economics department should certainly be thinking about closing it down right now, there’s no interest in that sort of thing!”. Well, if you do, then you’re almost certainly working as an administrator at [The University of Notre Dame].
Ironically, this is proof of one of the primary contentions of heterodox economics: People are not rational actors.
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