10 March 2010

Solow on neoclassical economics

Brad delong's blog has this wonderful quote of Bob Solow explaining why it's not worth engaging with neoclassical economists:
Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is to get involved in a technical discussion of cavalry tactics at the Battle of Austerlitz. If I do that, I’m getting tacitly drawn into the game that he is Napoleon Bonaparte.