Missing Link Friday – DIY edition

I haven’t had time to put together the usual Missing Link post today. So I’ll turn it over to you. If you’ve read something enlightening, thought provoking, amusing or annoying that you’d like share then go right ahead. The comments thread is open.

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Patrick
Patrick
10 years ago

Arnold Kling summarising Tyler Cowen on economist ideological bias:

What I think left-leaning economists should do more:

Look for structural reasons for policy failure, rather than attribute it always to misguided ideology. Consider the implications of imperfect knowledge on the part of government actors. Also, consider that the existence and growth of special interests is at least partly endogenous with respect to policy.

What I wish that right-leaning economists would do more:

Look for structural explanations for the growth of the state, rather than attribute it always to misguided ideology. Consider the implications of urban density. Consider that as the economy becomes more complex, the potential dispersion in wealth due to differences in ability, information, and luck becomes very large, while the ability to overcome such differences with sheer effort probably declines.

Tyler’s two longer contributions are pretty good too.