Tyler Cowen has two posts up about bad tendencies of economists, one for right-leaning and one for left-leaning. But really both are the same post, and all the items in them sum up to two things:
1. Economists don't understand politics.
Therefore (or also),
2. Economists don't understand economics.
The problem is that economists study how to maximize aggregate utility in a social environment in which that is literally no one's priority. There is some value in understanding the realm of the possible, but it needs to be tempered by context.
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
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Wednesday, March 9, 2011
Deep Thoughts
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