The Backlash Continues
Arnold Kling writes What’s with the Economics Profession?
Not all disagreements among economists are alike. Some are based mostly on ideology, and some are based more on analytical points of view.
For example, on the issue of recapitalizing banks, I think the division is not so much left-right as it is mainstream-maverick. I can think of a lot of mainstream economists, left and right, who favor bank re-capitalization. On the other hand, I am very skeptical. I think Joseph Stiglitz is skeptical, also.
On the stimulus proposal, the division is almost entirely left-right. I cannot think of a single economist on the Left who is skeptical, and I cannot think of a single economist on the Right who is a supporter.