Thursday, November 30, 2006
Comparing this to the Klein and Stern results, I see broad similarities. Market interventions appear to be something economists agree on, but they don't. Both studies find a lack of consensus on the minimum wage, which I simply find shocking. The latter paper splits its respondents into self-identified Republicans and Democrats, and while there are significant differences on all issues regarding economic intervention, even Republican economists don't seem to agree on policy questions regarding economic intervention. The one source of agreement in the Klein/Stern study is government ownership of enterprises -- neither Democrat nor Republican economists support it.
Arnold Kling's reaction is that the Whaples study provides evidence that a government run by the elite of the American Economic Association would be desirable. Having looked also at the Klein and Stern results -- and perhaps being more libertarian than Republican -- I disagree.