An Economists Lament

Economics — unlike chemistry, electrical engineering and almost any other subject matter you can name — is a discipline that people routinely opine on even if they have zero formal exposure to it. No taxi driver or movie star offers, for example, his opinion on the molecular structure of radium or the process by which the magnetron led to the development of microwave ovens. On such matters, that person defers to trained chemists and engineers. But that same cabbie or movie star is often eager to give his opinion on matters such as the causes and consequences of expanded international trade, the effect of minimum-wage legislation and the appropriateness or inappropriateness of the salaries of professional sports stars.

via An economists lament – Pittsburgh Tribune-Review.

…and vote the same way – which explains a lot!

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