by Philip Pilkington
Article of the Week from Fixing the Economists
“When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean – neither more nor less.”
My previous piece on the Kaldorians and their insistence on misusing well-established economic terminology to make their argument that the Eurozone crisis is a balance of payments crisis (BoP crisis) met with all sorts of calls for definitions. No matter how many I provided the calls continued, like a small child asking “why” over and over again.
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