Posted inPolitical Animal, Politics

President Obama and Paul Krugman are right: economic inequality is a “defining issue of our time”

Actually, I would argue, as President Obama did last week, that economic inequality is the defining issue of our time. But in a blog post today, Krugman characterized it as “a defining challenge,”, and I don’t want to put words in his mouth. In his post, Krugman makes four important points: 1) First, he says, […]

Posted inPolitical Animal, Politics

Will a New Jersey traffic congestion scandal doom Chris Christie’s presidential ambitions?

I’ve been watching with fascination a situation unfolding in my ancestral homeland of New Jersey. Governor Chris Christie has found himself embroiled in a growing controversy involving traffic congestion on the George Washington Bridge. Only in New Jersey, perhaps, could a story centering on traffic congestion become a source of sexy intrigue and scandal! But […]

Posted inPolitical Animal, Politics

Ross Douthat struggles manfully to reconcile conservativism with Pope Francis’s teachings on economic inequality. The results? Not pretty.

It’s Sunday, and Ross Douthat has written another typical Ross Douthat column. On the surface, it seems to be all smarmy reasonableness. But that’s only on the surface. If you stop to think for one second — or even just follow one of his links — his argument falls apart. Douthat is shallow, intellectually dishonest […]

Posted inPolitical Animal, Politics

Economics students are being miseducated about the way the economy really works. Mike Konczal has an intriguing proposal about how to fix that.

Yesterday over at WonkBlog, Mike Konczal wrote about an issue that’s long been a problem in the field of economics: the systematic miseducation of economics students. Most introductory economics classes largely ignore politics and institutions, center the individual as the focal point of their analyses, and unrealistically portray individuals as behaving like rational, optimizing actors […]

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