The rediscovery of political economy. Surprise, economics is normative as well as positive owing to it subject matter. Methodological choice including assumptions matter for picking winners and losers.
Economics involves tradeoffs. Tradeoffs are not equally distributed. Some win and some lose. Who chooses and on what basis?
These are social and political issues in addition to economic.
Noahpinion
Economists Pretend They Don't Pick Winners and Losers
Noah Smith | Bloomberg View columnist
Noahpinion
Economists Pretend They Don't Pick Winners and Losers
Noah Smith | Bloomberg View columnist
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