Axel Leijonhufvud--still worth reading

A brilliant mind, whose mentor Robert Clower, was also one of mine. Leijonhufvud had been gone for two years by the time I arrived at Northwestern, but Clower was still there. Bob was perhaps the smartest economist I ever knew (and the worst bridge player). Leijonhufvud came to speak at NU while I was a grad student and his seminar was very thought provoking. I think because of the emphasis on mathematics in the late 60s and early 70s, his approach to economics came to be dominated by the rational expectations approach. The latter has proven itself to be devoid of any use whatsoever, except to get articles published in econ journals.

A Road Not Taken