Good Career Advice: Be Wrong...?
The WSJ has a review of the career of John Kenneth Galbraith. As I pointed out yesterday, JKG was pretty much wrong on the big points and the article highlights JKG's modest admission:
"Asked on 'Meet the Press' whether he had underestimated the extent of risk that even large corporations face, he paused and replied, "Yeah, I think I did.""
And also check out this stunning smackdown of another eminent economist.
How is it that a handful of academic economists can make a career, nay make a highly lucrative and respected career, of being so conspicuously wrong?
"Asked on 'Meet the Press' whether he had underestimated the extent of risk that even large corporations face, he paused and replied, "Yeah, I think I did.""
And also check out this stunning smackdown of another eminent economist.
How is it that a handful of academic economists can make a career, nay make a highly lucrative and respected career, of being so conspicuously wrong?
posted by Donny Baseball at 9:41 AM
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