Jul 11, 2013
boyce
Comments Off on Killer economics

Killer economics

“Econ 101 is killing America,” write Robert Atkinson and Michael Lind:

Even though most economists know better, they present to the public, the media and politicians a simplified, vulgar version of neoclassical economics — what can be called Econ 101 — that leads policymakers astray. Economists fear that if they really expose policymakers to all the contradictions, uncertainties and complications of “Advanced Econ,” the latter will go off track — embracing protectionism, heavy-handed “industrial policy” or even socialism.

Read their take on the myths of Econ 101 here.

Comments are closed.