Understanding Paul Krugman

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Is economics a science? Do economists try to don the mantle of scientists as a way of groundlessly asserting their authority? Karl Smith thinks not, and proposes the following model of Paul Krugman as evidence:

Conservatives will no doubt have noticed that one of Krugman’s major themes is that their point of view is stupid. One might be inclined to think that this is a rude way of saying “you do not have access to the scientific knowledge that I do.”

It is not. It is a statement about what he thinks of your intelligence and ability to draw well formed conclusions.

He is not saying, I have such a deep understanding into the nature of the economy that everyone should listen to me. He is quite literally saying that the statements of conservatives convey such a shallow and imbecilic understanding of the economy that no one should consider listening to them.

He is not claiming the mantle of science, he is claiming the mantle of not being a moron.

I agree: Paul Krugman is not a moron. But then, I’m not sure his critics are either. Perhaps they’re actually smart people who are just responding to a lot of bad incentives? I’m not sure if that’s a more or less charitable view, though.

UPDATE: Tyler Cowen weighs in:

Economics is most like a science when people do not care about the outcome of the argument.

Yep. That’s a little more evenhanded way of saying what I said.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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