Geoff Tily of the TUC spoke at what looked to be an important event at the LSE last night to launch a new book called The Econocracy, which I could not attend. In his notes for the event on the TUC blog he suggests that:
Academia blocks progress in economic thought
The so-called golden age after the war was not the result of chance: it was the result of a collective exercise of reason and political will. It is a grotesque parody to suggest it was only made possible by war. We should surely proceed on the basis that a second golden age is within our grasp.
I agree with both ideas. The solution is obvious: we have to shatter the stranglehold of falsehood that is sold as if it is economics by almost every university department that bears that name.
The blog's worth reading. I suspect the book will be as well.