http://theunbrokenwindow.com/2009/12/08/is-that-what-we-want/ The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek Tue, 07 Sep 2010 02:33:32 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://theunbrokenwindow.com/2009/12/08/is-that-what-we-want/comment-page-1/#comment-11189 Was_Gonna_go_premed Fri, 11 Dec 2009 03:57:37 +0000 http://theunbrokenwindow.com/?p=2039#comment-11189 yea but we can only agree to complete open trade if we reach a bipartisan agreement on it :-P. We'd all also have to agree to abolish a large amount of the government (im clearly ignoring the police etc...). Furthermore I think the actual benefit of this movement is social. Although i see why bipartisanship could be a very bad thing for those of you with Libretarian leanings, but I think that "moving towards the middle" could have some benefits. I am personally very socially liberal, yet i largely support a free market. Many people, however, seem to divide themselves into conservative social and economic policy and liberal social and economic policy. By moving towards the middle in economic terms could it possibly also lead to social liberalization of the right wing? i know all these connections are TENUOUS at best... like VERY TENUOUS, but i just wanted to offer a possible up side... yea but we can only agree to complete open trade if we reach a bipartisan agreement on it . We’d all also have to agree to abolish a large amount of the government (im clearly ignoring the police etc…). Furthermore I think the actual benefit of this movement is social. Although i see why bipartisanship could be a very bad thing for those of you with Libretarian leanings, but I think that “moving towards the middle” could have some benefits. I am personally very socially liberal, yet i largely support a free market. Many people, however, seem to divide themselves into conservative social and economic policy and liberal social and economic policy. By moving towards the middle in economic terms could it possibly also lead to social liberalization of the right wing? i know all these connections are TENUOUS at best… like VERY TENUOUS, but i just wanted to offer a possible up side…

]]> http://theunbrokenwindow.com/2009/12/08/is-that-what-we-want/comment-page-1/#comment-11114 Econobran Tue, 08 Dec 2009 14:58:08 +0000 http://theunbrokenwindow.com/?p=2039#comment-11114 Haha, given the current state of politics, I agree with your last line. I am kind of surprised with Mankiw's choice of words, with the implied meaning being that the political center is the right place to be. I think a better phrasing would have just implied that they each understood economics more and would use that rather than cognitive dissonance when making decisions and arguments. I am certainly happy that the liberal-bent students understand market mechanisms more, but I can also understand where conservative-bent students were able to see market limitations -- such as the flow and accessibility of information. Admittedly, I am more in the Milton Friedman-Hayek cohort, but at the end of the day I'd rather them learn economics from Mankiw than Krugman. Haha, given the current state of politics, I agree with your last line. I am kind of surprised with Mankiw’s choice of words, with the implied meaning being that the political center is the right place to be. I think a better phrasing would have just implied that they each understood economics more and would use that rather than cognitive dissonance when making decisions and arguments. I am certainly happy that the liberal-bent students understand market mechanisms more, but I can also understand where conservative-bent students were able to see market limitations — such as the flow and accessibility of information. Admittedly, I am more in the Milton Friedman-Hayek cohort, but at the end of the day I’d rather them learn economics from Mankiw than Krugman.

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