What’s in a Name?

by on September 29, 2004 at 6:55 am in Economics, History | Permalink

Once, Mrs Joan Robinson, my radical teacher at Cambridge University, and Professor Gus Ranis of Yale University, a ‘neo-liberal’ economist, were observed agreeing with each other that Korea had been a great success.

The paradox was resolved when it turned out that Mrs Robinson was talking about North Korea and Professor Ranis about South Korea!

That is taken from an interview with Jagdish Bhagwati, who I might add is another plausible contender for an economics Nobel Prize.

Thanks to www.politicaltheory.info for the link.

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