Wednesday, March 30, 2011

How Policy Debates Should be Covered

Anyone who isn't paying attention to The Globe and Mail's Economy Lab is missing out.

A group of informed, thoroughly even-handed, economists give their thoughts on policy ideas and general economics issues. The media likes to present economics as a Conservative discipline, firmly neo-liberal in every way. It isn't. Since Adam Smith, practitioners have recognised the faults and short-comings of the market. Unfortunately, most of this debate takes place under the noise generated from liberal "think tanks" that represent most of the exposure that the general public get to what is assumed to be academic consensus in the field.

True, the approach is thoroughly technocratic, and comes with the assumptions and measurements that mainstream economics is based on and concerned with. Nonetheless, the Economy Lab shines some light on the crazy world of campaign policy promises and is worth a look.

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