Prominent Economist Andrew M. Kamarck was educated at Harvard (BA, summa cum laude, 1936; Ph.D., 1951) Dr. Kamarck had a distinguished career as an economist spanning 60 years, with service in senior policy positions with the Board of Governors of the Federal Reserve, US Treasury Department and World Bank,and publication of six influential books.
In retirement,he was an Associate Fellow of the Harvard Institute of International Development.
Troubled by both the imprecisions embedded in economic modeling and the coincident marginalization of rigorous economic analyses in public policy, he became a critic of modern quantitative economics, developing these views in a series of three books:
1.Economics and the real world;
2.Economics for the 21st century; and
3.Economics as a Social Science.
Such realistic judgment is similar or identical with Professor John K. Galbraith of Harvard and Prof. Richard T. Gill as I sent my blogs in the past apropos of Political Economy,Socio-Economics and Psychology as the reflections of human behavior in the public and private sectors as solid evidence of the nature of Economics."Almost Everyone's Guide to Economics" A Review may be searched at www.Atlantic Economic Journal, September 1979 issue.
Francis Shieh a.k.a. Xie Shihao,a lifelong student citing Economics as an inexact science. Cf. "Keys for Economic Understanding""Keys to Economic Understanding" and "Work and Study Cycle Theory" www.ask.com and www.Amazon.com for reference.
Sunday,March 28,2010 at 9.30 a.m.