Although perhaps not exactly new in business/finance or life generally, I have noticed some interesting divides in the economics world. What is fascinating is the way recent heated debates have become polarised around two opposing and erudite camps.
A few examples should get the ball rolling: in one corner, we have Professor Niall Ferguson, in the other Paul Krugman. Recently, I read Professor Kenneth Rogoff's ringing defence of the IMF against his former supervisor and mentor, Joseph Stiglitz who, of course, worked for the world bank. And finally, there was the more grandiose faceoff between Keynes' camp and the monetarists behind Milton Fridman.
Curiously, the same phenomemon can be found in music history: there were the implacable enmities and imprecations passed between fans of Johannes Brahms versus the Wagner clan.
Leaving, or in philosophical language, 'bracketing' the content of these disputes, I would be interested to hear your views on the 'phenomenon' described above..
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