Saturday, April 02, 2005


Bibamaus has a bit of fun with a fast declining reputation.

I once attended a public "for the masses" talk by Mankiw. During the talk he argued that our public policy debates would be much more informed if more people had a bit of econ under their belt (a reasonable position, especially if you're hawking your latest intro econ book). As an illustration, he argued that if people understand the economic argument against rent control, that they would vote to end rent control laws, even if those laws benefitted them personally.

An economist arguing that people would vote for policies which go against their own self-interest is truly a bizarre economist.