Friday, September 16, 2022

James Kwak - Economism Should We Let Lawyers Run the Economy

Law professor James Kwak coined the term economism, contending that economists have too much influence in policy.
Economists who study interaction between supply and demand warned us that the legal (lawyer) method to suppression drug use wouldn't. Same with rent control
But you attack "economism",rather than an NIT/UBI just make it illegal to work for less that $x and it'll will work.

Kwak's attack on economists and "economism" says let's not go with people who study the economic trade offs but use the legal approach and just make what we don't want illegal. Make illegal to sell for less or more or at all. Not a good idea IMHO.

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