Heinz Kurz on the state of the dismal science

Here is a very important paper, by Kurz, published in Investigación Económica (see previous post).  He shares a similar view of what it means to be a heterodox economist with this blogger, and argues that:

"Economics may be a dismal science or discipline, but its present dismal state applies not to the discipline as a whole or to all traditions of economic thought available. It applies to the neoclassical mainstream and especially to NCE [New Classical Economics]."

It is the notion of an economic system that automatically tends to full employment that makes ours a dismal science, but that is NOT a general, even if it is dominant, view in the profession.