Hard Heads, Soft Hearts: Tough-Minded Economics for a Just Society

Overview

A hard-headed liberal economist, Alan Blinder clearly shows how economic policy is made in America and how good policies often make bad politics. He discusses liberal-conservative divisiveness and shows how it often prevents sound economic advice from being heeded. Blinder offers his own nonpartisan vision for the future of our economic society and challenges law-makers—Democrats and Republicans—to do better.

Blinder shows how economic policy is made in the U.S., ...

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Overview

A hard-headed liberal economist, Alan Blinder clearly shows how economic policy is made in America and how good policies often make bad politics. He discusses liberal-conservative divisiveness and shows how it often prevents sound economic advice from being heeded. Blinder offers his own nonpartisan vision for the future of our economic society and challenges law-makers—Democrats and Republicans—to do better.

Blinder shows how economic policy is made in the U.S., showing that good policies often make bad politics.

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Editorial Reviews

Publishers Weekly - Publisher's Weekly
Princeton economist and Business Week columnist Blinder passes a farewell judgment on Reagan-era economics and offers other ideas. Among them: inflation is not all bad and unemployment may not be as ``acceptable'' as once thought. Economics under the current administration has been a ``comic opera,'' claims the author, with Keynesian fine-tuning, be-all monetarism, ``rational expectations'' as a policy determinant, and supply-side ``quackery'' all backing and filling between academe and the White House. Blinder opposes trade protectionism, demonstrates how hard-headed yet soft-hearted 1986 tax reform came about and favors complex economics over elementary science by advocating cumulative and putatively irreversible industrial air and water pollution-for-a-fee. November 11
Library Journal
This sweeping and inspired treatise asks: How can our economic policies be efficient and yet shelter those members of society with the least lev-erage and resources? Blinder, a Princeton economist, says that economists are in agreement on what needs to be done in many policy areas. But economic policy is made by politicians, who ``choose solutions they perceive to be politically correct.'' Blinder artfully lays out the conflict between economic goals and political desires and discusses protectionism, tax policy, unemployment, and environmental cleanup. A thoughtful, pragmatic, objective look at economic tradeoffs. Highly recommended for all business and economics collections. Gene R. Laczniak, Marquette Univ., Milwaukee
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Product Details

  • ISBN-13: 9780201145199
  • Publisher: Basic Books
  • Publication date: 1/28/2000
  • Edition description: Reprint
  • Pages: 256
  • Sales rank: 922,406
  • Lexile: 1210L (what's this?)
  • Product dimensions: 6.24 (w) x 9.20 (h) x 0.72 (d)

Meet the Author

Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics at Princeton University and a regular columnist for Business Week.

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Table of Contents

Preface ix
Introduction: Murphy's Law of Economic Policy 1
Chapter 1 Needed: Hard Heads and Soft Hearts 12
Chapter 2 Striking a Balance Between Unemployment and Inflation 32
Chapter 3 Do We Know How to Manage the National Economy? 67
Chapter 4 Who Will Protect Us From Protectionism? 109
Chapter 5 Cleaning up the environment: Sometimes Cheaper is Better 138
Chapter 6 It Can Happen Here: The Improbable Sage of Tax Reform 160
Chapter 7 On Breaking Murphy's Law 191
Notes 216
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