Krugman on Popular Economic Debate

Engaging in economic discussions with “that kind of liberal” always makes me think of Paul Krugman’s brief essay, “What Do Undergrads Need to Know About Trade”, which helps guide my approach to my political economy class, even though I ultimately present a public choice approach that is at odds with Krugman’s worldview. The whole thing is worth a read, but here’s the snippet that’s relevant for the moment.

[M]ost of what a student it likely to read or hear about international economics is nonsense… [T]he level of public discussion is extremely primitive. Indeed it has sunk so low that people who repeat silly cliches often imagine themselves to be sophisticated.

One of “that kind of liberal” actually stated that “productivity is the problem.” Primitive nonsense indeed.

Advertisements

About J@m3z Aitch

J@m3z Aitch is a two-bit college professor who'd rather be canoeing.
This entry was posted in Economical Musings. Bookmark the permalink.