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>I feel that "economics" as currently practiced has "you're not allowed to take the rich people's money" baked in as a very deep but generally unspoken assumpti
by ZoomerCretin 5y ago
>I feel that "economics" as currently practiced has "you're not allowed to take the rich people's money" baked in as a very deep but generally unspoken assumption.
It very much is. David Card, who won the Nobel Prize in Economics this year for his work in the 90s that showed modest increases in the minimum wage do not cause layoffs, talked about this attitude in the field.
https://www.minneapolisfed.org/article/2006/interview-with-david-card https://www.minneapolisfed.org/article/2006/interview-with-d...
"I've subsequently stayed away from the minimum wage literature for a number of reasons. First, it cost me a lot of friends. People that I had known for many years, for instance, some of the ones I met at my first job at the University of Chicago, became very angry or disappointed. They thought that in publishing our work we were being traitors to the cause of economics as a whole."
This "cause of economics" is making rich people richer at the expense of everyone else.