My colleague Alex Tabarrok – with help from Jonathan Meer – reports on the predictable ill-consequences of Seattle’s recent hike in the hourly wage below which it prohibits people voluntarily selling their labor services .
There’s a problem with MacLean’s story though: it appears to be completely made up.
Arnold Kling is not optimistic about the role that economists will play in influencing government policy . A slice (I fear that Arnold is correct):
I think that the academic economics will be converted to an oppressor-oppressed view of markets. Not that I think that such a view is more justified now than in the past. Rather, I think that the leftism in academia is stronger than in the past. See my recent essay . As I have pointed out in previous posts, we are already seeing much more focus in academic economics on anti-market perspectives that align with the oppressor-oppressed framing.