Why Some Economists ARE fools

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"While it has been well known that the oil billionaire, Charles Koch, has been funneling tens of millions of dollars through his foundation into economic programs at public universities and mandating approval of faculty and curriculum in some instances, it has not heretofore been reported that a sweeping partnership in these programs has sprung up between Koch and the southern banking giant, BB&T, the latter corporation mandating that Ayn Rand’s book Atlas Shrugged is taught and distributed to students"

."While the hedgies are financing the flood of books to high schools and campus, Koch and BB&T are taking care of business with the professors"..- Pam Martens worked on Wall Street for 21 years. She spent the last decade of her career advocating against Wall Street’s private justice system, which keeps its crimes shielded from public courtrooms

.Full; article here: http://www.counterpunch.org/2012/02/28/resurrecting-ayn-rand-hedge-fund-money-teams-up-with-koch-bbt/

Garbage in. Garbage out.

Retired Monk -"Ideology is a disease"

Jul. 31, 2007 4:01 pm


It just gets worse. The greatest intellectual black hole at Stanford was the Biz School. In the rest of the university I could find smart people who could think even if they and I would disagree about what was the correct analysis. In the Biz School it was like going back to Bible College and dealing with smart people who could only reorganize ideology but never got to fundamental assumptions. They just rejected cognitive dissonance and refused to credit any possibility that they were not totally correct.

It is where I learned the difference between philosophical disagreements and ideological conflict. The former is about adjusting thinking to evidence while the latter must adjust the evidence to fit the belief. Kochheads on capitalist crack.

DRC's picture
Jul. 31, 2007 4:01 pm

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