Professor Larry White of University of Missouri โ St. Louis tears into that boo-hooey NYT article in an excellent post at the Division of Labour blog.
Hereโs a taste:
So what is Cohenโs anecdotal evidence that criticism of the free market renders one an โapostateโ (Blinderโs term)? (1) Alan Blinder is sore about the criticism he has received over his claim that outsourcing and trade may result in a loss of 30 to 40 million American jobs. (2) David Card is sore about the criticism he has received (and pointed questions his students have gotten on the job market) over his much-debated finding (with Alan Kreuger) that a hike in the minimum wage didnยนt cost jobs in the New Jersey fast-food industry (described fawningly by Cohen as ยณgroundbreaking research on the effect of the minimum wage). Sorry, soreheads, but thatยนs no evidence that free-market ideology rules the roost. Everybodyยนs claims get criticized. Ask any free-market economist if he or she receives criticism.






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