March 20, 2006

Income & Politics

E.J. Dionne rebuts Michael Barone's "trustfunder left" column. Dionne's column makes the unstated assumption that the rich and poor are equally ignorant of economics - which may or may not be true - but I do find it interesing that a relatively high percentage of university economics professors are conservative or libertarian. My stepson was politically liberal until he changed his major to Econ. The fact that the planned economy of the former Soviet Union collapsed and that European economies have been beset by long-term high unemployment rates seems to play little role in the Left's judgment of the Right, where the latter are taken to be either selfish or stupid. Still the stereotypes have a basis in reality; by Dionne's definition of rich, Republicans are wealthier and Democrats are more secular (using regular church attendance as the criteria).

No comments: