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by smallmancontrov 12 days ago
I suspect the person you are replying to was not referring so much to academic economists as a whole (which would include Coase and Piketty and even probably Marx) but rather the mercenary subset of economists who get signal-boosted by powerful interests in order to promote the self-serving narrative of the day, and yeah, that subset of economists dodges subjects like inequality and externalities with more finesse and agility than Neo dodging bullets in the matrix.
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You means guys like William "3°C rise in global temperature would reduce global GDP by approximately 2.1%" Nordhaus?
No, the USA wasn't crippled by over-investment on climate action. Trade and tax and social policy are where the mercenary think-tank economists did the damage.