Comment on the Economist article (31 December, 2011) “Marginal Revolutionaries”
I think it is very significant that “the Economist” has bothered to give these new emerging theories on economics serious consideration, particularly Scott Sumner’s work around NGDP. In fact, I think Sumner’s work is so significant that he will be viewed in future as a visionary, for which he could even win the Nobel Prize. Now that would really be revolutionary – a Nobel Prize winner coming not from pure academia, but from the “Blogsphere”.
It is also heartening to see original thinking emerging to tackle the extraordinary economic circumstances the world finds itself in at the moment. The Keynesians, Monetarists, or even the Austrian school do not seem to have the answers to the world’s current predicaments. Maybe Sumner has?
Filed under: Economics, economics revolution, NGDP, nobel prize, Scott Sumner
