James Galbraith Reviews Phil Gramm's Dissertation

Galbraith yesterday reprinted his review of Phil Gramm's dissertation. Though Jamie declines to interpret the dissertation in light of Gramm's later performance in public life, I won't shirk from that duty. If you're an economist who doesn't believe in empirical work--as is apparently the case with Gramm--all you've really got to go on is ideology (and who gives you the biggest campaign contribution.) I remember when Gramm tried to run for president and blamed his poor performance on anti-Southern bias in the media, neglecting the more obvious explanation, which was that he is about as charismatic as a foot fungus. I'm happy to see that he's putting his charm skills to work again for McCain!