A Review of
Advice and Dissent: Why America Suffers When Economics and Politics Collide
(Author: Alan S. Blinder)
Economist and Washington veteran Alan Blinder has come to understand very deeply the contrasts between economists and politicians. Economists are rational, correct, and naïve, while politicians cynically use economists to rationalize whatever they want to do.
Blinder is very clear-eyed about this, and eloquently describes today’s condition—so well that I’m obliged to include more quotations here than usual. But his is an extremely Washington-centric perspective, which I will comment upon later.