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by stymaar 28 days ago
I see what you mean, but I'd disagree with the idea that there's “precisely zero ideological, ie political-economic, difference”.

That's true that since at least Clinton, the Democrats as a political party have mostly embraced the business-friendly view that is also the conservatives' position on the subject.

But the Democrat's leadership are only a (very) imperfect mirror of their electorate and of the intellectual left, and there is definitely a significant set of left-wing economists (Polanyi, Stiglitz, Piketti to name a few of the most prominent, in chronological order).

You can't look at Cochrane and Piketti and say there's no progressive vs conservatives divide in economics.

1 comments

I don't think that Piketty himself would say his views are well-represented by either party; but he does posit an ideological divide: http://piketty.pse.ens.fr/files/Piketty2018.pdf

I was being deliberately facetious, I suppose, but because of our campaign finance problems any policy of major economic import has coordinated bipartisan pressure.