D&S has compiled graphs & charts from the past year. Several draw on the series of “Economy in Numbers” columns that UMass-Amherst professor and D&S columnist Gerald Friedman wrote on the economic effects of implementation of Bernie Sanders’ proposed policies (here, here, and here). As many readers may know, Jerry’s projections were harshly criticized by … More Top Eleven Dollars&Sense Charts and Graphs of 2016
Source: Nativism: As American as (Rotten) Apple Pie | Dollars & Sense
By Gerald Epstein Originally posted at Triple Crisis. In his recent New York Times opinion column, “Sanders Over the Edge” (4/8/16), economist Paul Krugman offers his readers a basketful of misinformation on important economic matters about which he should – and probably does – know better. The column contains a large number of snipes and … More Gerald Epstein on Paul Krugman Crossing the Line
By Gerald Friedman, Professor of Economics, University of Massachusetts at Amherst Differences between my evaluation of the impact of the Sanders economic program from that of the Romers reflect different views of the economy, the difference between a static model where national income and employment are largely fixed and a dynamic one where these are … More Gerald Friedman Responds to the Romers on the Sanders Plan: Different Models, Different Politics
By James Sherman “The point of studying economics is so as not to be fooled by economists.” – Joan RobinsonJust as I was finishing my long post on the controversy over Gerald Friedman’s analysis of Bernie Sanders’ policy program, the debate entered a new stage. Christina and David Romer stepped up to the challenge that was … More Uncovering the Bad Math and Logic (and the Bias) at the New York Times
By Ron Baiman, To her credit Christina Romer, one of the four former CEA Chairs who wrote a scathing four paragraph letter dismissing Gerald Friedman’s detailed study of the impact of the Sanders economic program, has acknowledged that Friedman’s estimates warrant a detailed and substantive analysis. Romer has, with her husband and prominent fellow “Neoclassical … More Ron Baiman On the Neglect of Class in Neoclassical Macroeconomics
By J.W. Mason Originally posted here My old professor Jerry Friedman wrote a piece several weeks ago, arguing that a combination of increased public spending and income redistribution (higher minimum wages and other employment regulation favorable to labor) proposed by the Sanders campaign could substantially boost growth and employment during his presidency. As readers of this … More J.W. Mason: Can Sanders Do It?