Against Politics

Toward a depoliticized society

Animal spirits in public policy

In the Summer 2009 issue of the Independent Review, Arnold Kling reviews George A. Akerlof and Robert J. Shiller’s new book Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Reading his review, one wonders how it is still possible for a serious scholar to make a case for [...]

Assumptions in economic science

Economists are often taken to task for creating models that employ assumptions that are not consistent with reality. Such reality checks are important and can protect economists from making policy recommendations that may follow from their models but not from empirical observation. A good example is the private provision of public goods. Most orthodox economic [...]