One can try to wish a healthier economy into being by celebrating false strengths and
ignoring real weaknesses, of course, but it's not a very good idea.
His basic
weakness is that he has
ignored the intervening fifty years, whereas
real progress in scholarship, precisely when progress means a shift in direction, comes by means of profound understanding of the valid reasons behind the current position, including the valid reasons it had for rejecting an older view to which we must now in some legitimate sense return.