[OPE-L] different heterodox theories, different empirical results?

From: Gerald_A_Levy@MSN.COM
Date: Fri Sep 09 2005 - 08:41:44 EDT


> > <http://time.dufe.edu.cn/ym210/article.php?articleid=1360>
> > According to the bio, Alan was awarded the C.B.E. (Commander of the
> > British Empire) in 1998!  Could they be confusing him with another
> > Alan Freeman, perhaps?
> Most certainly.  The Alan Freeman who was awarded the CBE (in 1998)
> was Alan "Fluff" Freeman, actor and disk jockey, born 1927.

Thanks, Allin.  I was curious about how this site could have made that
mistake so I looked to see if  there were pages on other heterodox
economists.  [My first thought, after looking at their list of economists,
was that the Freeman page was created _because_ they believed he was
the recipient of the CBE -- a thought I found amusing and ironic.]
While there seem to be few heterodox economists, other than Alan,  for
whom pages have been created at this site, it is still a decent resource
that is worth checking-out:
<http://time.dufe.edu.cn/ym210/list.php?sessid=496b42825236a25867097eafd82d5
d91&sortid=4>
(If you have a problem with the above, go to the top of the Freeman page
and click on what appears to the left of  " > Alan Freeman".)

                                    ****************

I found one paper at their page for A. Allan Schmid that concerns a topic
that is worthy of our attention.  I have *attached*  Schmid's paper on

"DIFFERENT HETERODOX ECONOMIC THEORIES:  DIFFERENT
EMPIRICAL RESULTS?".

Schmid's paper leads me to ask:

*What recent research has there been into examining  through empirical
research how well Marxian theories are able to grasp current empirical
phenomena and trends in relation to other heterodox theories?*

*I.e. how accurately do Marxian theories comprehend empirical trends
in late capitalism in relation to other heterodox perspectives?*

Have any of you done research on this or related questions?  What
empirical work do you think still needs to be done before any grand
claims are made about how one heterodox perspective leads to better
"results" in terms of grasping (political-) economic realities that other
heterodox theories?

                             *****************

Of course, we could also conduct empirical research to determine
how well different Marxian theories are able to grasp empirical
realities and trends in relation to each other.  Alan Freeman wrote
a paper in 1999 on that topic, which appears at the above site:
< http://time.dufe.edu.cn/wencong/freeman/10.rtf >

"FOUR ENDOGENOUS MARKET FAILURES WHICH (TSS)
VALUE EXPLAINS BETTER: INEQUALITY, UNEMPLOYMENT,
CRISIS AND LIQUIDITY PREFERENCE?"

which is also called "A DIFFERENCE THAT MAKES A DIFFERENCE."

*Do others agree or disagree with Alan's claims in this paper?  Have
there been any published replies or further empirical  research on these
questions?*

In solidarity, Jerry











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