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« Brother Metal | Main | The Closer You Are to The Ball... »

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Donald A. Coffin

I must admit that I am sorry to see the history of economic thought disappearing from grad school curricula. Having an understanding of how the discipline has developed seems to me to be useful, especially as a lot of the strands of thought from the past (not only Marx, but the naive quantity theory fo money) continue to pop us.

In chemistry, understanding disciplinary history probably is irrelevant (or at least my brother the chem e PhD tells me so), but in the social sciences--econ, sociology, psychology, and so on, I think that's less true. Becausee the past--the fallacies, the idiocies, the false starts--does come back to bite us.

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