Tag: Paul Samuelson

For anyone who’s ever despaired of arguing with her critics…

In the midst of the controversy over the Phillips Curve, Nobel Laureate Paul Samuelson wrote to economist Alvin Hansen: Milton F[riedman] is a bloody nuisance. In the end he is not right in his provocative stands, but it takes valuable time rebutting his arguments….Having just returned from UCLA where (as in Virginia and Washington) the place is jumping with energetic libertarian nuts, I realize that so much of one’s scientific life has to be occupied in sterile debate. h/t Yann Giraud (and Doug Henwood for forwarding this post to me)