Mark Thoma saw a growing gap between the academia and the economy itself – The Great Disconnect – and hopes that weblogging will help close the gap (November 2011):
Modern communications technology is forging new connections between academic economists, the public, policymakers, the press, economists outside of academia, and other academic disciplines in ways that were not possible in the past, and there is little doubt that these connections have increased in recent years. The Great Disconnect is, hopefully, coming to an end.
We are still working out how blogs fit into academic economics, what professional mores ought to apply to blogging, how blogging relates to the academic mission of teaching, research, and service (including serving the public mission), how it should be viewed in tenure and promotion decisions, and so on. But this is a new endeavor for economists, and such questions are expected. We will get these things worked out over time. For now, however, there is plenty of room for optimism that new forms of communication will continue to enhance the public presence of economics in ways that provide mutual benefits to the profession and the public sphere.
I tend to share that optimism, but still think that national Economic Supreme Courts (ESC) are required to really bridge the gap. We cannot leave it to government bureaucracies and the political process to select sense from nonsense. That approach failed before in more civilized times and will surely fail in the present kakophonia.
Brad DeLong wrote on the shift of the Phillipscurve 2013 but see also my analysis in DRGTPE. Also, he wrote a surprising text that referred to … Holland ! The full title of his lecture is Europe Fails to Learn the Lessons of History: Notes on Political Union for Barry Eichengreen’s “Future of the Euro” Conference, as Delivered. The article suffers a bit from a too academic and ivory tower approach to the severe Depression in Southern Europe. He also mentions that Jan de Vries is in the room during his talk, but he and Jan do not mention the censorship of science in Holland since 1990. Otherwise it is a nice review how Europe got into its mess. Still, there are long comments by readers, and now Mark Thoma has show his optimism again that it will be sorted out.
The Palgrave reports that this weblog has been included as number 509. One must be an optimist indeed to join in this fray.