Tweet [1]
In the latest EconTalk, I talk with David Henderson [2] about whether it’s reasonable to presume that economists agree on various issues such as the minimum wage, trade, the causes of growth or the sources of inflation. I used to agree with David that in the area of microeconomics, there is much more consensus than in macroeconomics. Lately, I’m not so sure. At the end of the conversation, I raise the issue of incentives. As the market for talking economists has expanded, I believe that economists do more talking and that the reward for taking polemical stands has increased.