[Flash 9 is required to listen to audio.]
Alfred Marshall and A. C. Pigou, being, of course, two of the most famous economists who ever lived.
I was reminded of the above clip from this old EconTalk episode after reading a bit of news:
A small group of Harvard students and employees staged an “Occupy Speakout” at noon on Tuesday to express their solidarity with the “National Day of Action.”According to the professor:
The group also sought to raise awareness of events they have planned for today, including a walkout of the popular Economics 10 introductory course and a March in Boston later in the day.
Ironically, the topic for today’s lecture is the distribution of income, including the growing gap between the top 1 percent and the bottom 99 percent. I am sorry the protesters will miss it.Interesting strategy: protest something you don’t understand by willfully ignoring someone who is attempting to explain it to you. Thankfully, just as in the case of Pigou and Marshall, those who are actually willing to learn will carry on without you.
