American - Journalist | -
Like a bottle of wine or a promising college quarterback turning pro, C.E.O.'s are similar to what economists call experience goods: you commit to a price long before you know if they're worth it.
Adam Davidson
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Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy.
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I don't think that much change comes from economists. I think it comes more from political realities. Probably the two giants of the 20th century, who actually did shift government policy in the U.S. and around the world, were John Maynard Keynes and Milton Friedman. I don't see anybody in our system who is at that level of influence.
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To put it simply and a bit crudely: Our economy is demanding more well-educated workers than our schools are providing. To attract this scarce resource, communities have to offer more than just jobs.
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The American dream always meant that anybody willing to put in a hard day's work could make a decent living. That's just not true anymore for people without at least some post-high school education.
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I'm not the first to admit that raising a child in Park Slope, Brooklyn, can bear an embarrassing resemblance to the TV show 'Portlandia.' My wife and I try to have some ironic distance from the culture of organic, chemical-free parenting, but we're often participants.
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There is such a polarized discussion of economics among people like analysts, columnists, bloggers; often, they end up just saying that views other than their own should not even be discussed. I find that frustrating. There is no intellectual progress without considering lots and lots of different views.
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The world I want to live in is a world where everybody is a bit more uncertain about their arguments and is a bit more open to other people's arguments. I think that we can engage ideas without ad hominem attacks.
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A majority of Americans support Social Security and Medicare, a progressive tax system and a government that regulates business in the public interest, but most share deep skepticism about the government's ability to do all this well.
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If an alien with an accounting degree touched down in America, it might conclude that we're a weird cult that spends 11 months living frugally and four crazy weeks buying tons of stuff we don't need. It wouldn't be entirely wrong, either.
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