The Simpson-Bowles Rorschach test

It appears that no one actually knows what is in the Simpson-Bowles deficit reduction plan. It’s kind of like a political Rorschach test, you can see in it whatever you want to see…and what you see reveals your political leanings. To take one example: Romney economic adviser and Harvard Economics Chair Greg Mankiw is upset that Obama isn’t being […]

Economists Don’t Understand Philosophers

Harvard Philosopher Michael Sandel understandably peeved a few economists with his latest book, The Moral Limits of Markets (See here and here for my review of the book). Unfortunately, their replies indicate an almost complete failure to understand his criticism. I’ll look at Jodi Begg’s critique as being fairly representative of the economists response. (Her’s […]