ATAR Notes: Forum

General Discussion => General Discussion Boards => News and Politics => Topic started by: brendan on January 05, 2008, 11:44:19 am

Title: What economists agree on
Post by: brendan on January 05, 2008, 11:44:19 am
http://gregmankiw.blogspot.com/2006/11/consensus-of-economists.html

Robert Whaples surveys PhD members of the American Economic Association and finds substantial agreement on a wide range of policy issues. For example:

    * 87.5 percent agree that "the U.S. should eliminate remaining tariffs and other barriers to trade."
    * 85.2 percent agree that "the U.S. should eliminate agricultural subsidies."
    * 85.3 percent agree that "the gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged."
    * 77.2 percent agree that "the best way to deal with Social Security's long-term funding gap is to increase the normal retirement age."
    * 67.1 percent agree that "parents should be given educational vouchers which can be used at government-run or privately-run schools."
    * 65.0 percent agree that "the U.S. should increase energy taxes."

And, finally, the topic that generates the most consensus:

    * 90.1 percent disagree with the position that "the U.S. should restrict employers from outsourcing work to foreign countries."

One issue that fails to generate consensus is the minimum wage: 37.7 percent want it increased, while 46.8 percent want it eliminated.
Title: Re: What economists agree on
Post by: enwiabe on January 05, 2008, 05:04:02 pm
Isn't it ironic that the same people who will tell you that clairvoyants are bullshit artists will listen to Economists with baited breath? :)
Title: Re: What economists agree on
Post by: Collin Li on January 05, 2008, 08:05:46 pm
Not really. Economists think with logic and clairvoyants do not.
Title: Re: What economists agree on
Post by: Eriny on January 05, 2008, 08:12:41 pm
I don't know, the Barnum Effect is pretty logical.
Title: Re: What economists agree on
Post by: Collin Li on January 05, 2008, 08:41:13 pm
I don't know, the Barnum Effect is pretty logical.

That is concerning why astrology seems to be accepted, rather than actually showing a logical foundation for astrology. I'm not sure if you were being satirical.
Title: Re: What economists agree on
Post by: Eriny on January 05, 2008, 09:50:49 pm
I was being satirical :P