In a nutshell

Brad DeLong points out that, on health care and the stimulus, among other issues, Republican economists have stopped thinking like economists.

Brad DeLong:

The economists who have pledged allegiance to the Republican Party this year … have stopped thinking like economists.

Equilibrium, incentives, trade-offs. It’s really not that hard. But as someone said a long time ago, it’s very hard to get a man to understand an argument when his career is based on not understanding it.

Author: Mark Kleiman

Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out. Books: Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken) When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist Against Excess: Drug Policy for Results (Basic, 1993) Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989) UCLA Homepage Curriculum Vitae Contact: