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IPFS News Link • Economy - Economics USA

The New York Times is Right About Economists, for the Wrong Reasons

• arclein

Yet while the article's title held promise  "Blame Economists for the Mess We're In," it turns out the author had no interest in examining economics as a self-serving or compromised profession per se. He merely laments what he sees as its pro-market turn after the high-water mark of academic support for socialism in the 1930s. Thus we get the usual complaints about slashing regulations, antipathy for minimum wage laws, lack of support for unions, and the bipartisan "turn toward markets":