The latest Wall Street Journal Econoblog is up. I had the pleasure of discussing economic literacy with Russell Roberts of George Mason University who co-blogs over at Cafe Hayek with his GMU colleague Don Boudreaux. We had a very stimulating discussion on the causes and consequences of the lack of economic understanding in the public and the media. I hope you enjoy reading it and trust that it will spark some further discussion.
Let me also take this opportunity to publicly thank Professor Roberts for such engaging conversation. And let me also welcome any new readers who have found their way here from the Econoblog site. Glad to have you along for the ride.
Very nice discussion.
I think one of the key elements of blogs are the comments. I always appreciate your comments and answers!
I understand why Cafe Hayek doesn't have comments, but I think they are missing out (even though the criticism will be severe on some of their posts). How can we expect "economic literacy" if economists won't (can't?) explain some of their logic?
Once again, nice discussion.
Best Wishes!
Professor Polley
I read your discussion with Russell Roberts in the WSJ and was most impressed, especially your comments on Adam Smith.
On my web site: www.adamsmithslostlegacy.com you wiull find some comments I have made, as well as a possible nomination for September's 'Lost Legacy' prize for sensible economic commentaries.
The prize is purely nominal but your discussion stands out in the usual dross I see pertaining to Adam Smith.
Kind regards
Gavin Kennedy (Prof)
And it's very nice to be here, thanks so much!
Seriously, the WSJ has done a real public service by posting your discussion with Prof. Roberts on-line, so that those of us who are minimally economically literate will have some place to check back as our understanding of the science of human action develops further...
It is my first time reading this, and I must say that I am highly impressed. This is a continuous economic rant I have. It seems like the public knows more about Britney Spears' love life than about the basic principles that drive their everyday life.
Now if I could only get my boss to figure out that economics isn't the same as accounting... :)
And hey! Who is that guy in the suit and tie? That is a long way from the photo at the "economic geyser" in Yellowstone!
Once again, great econoblog.
Best Wishes.