This is a quickie.
Spurred on by Ramesh Ponnuru at NRO, talking about generalities in Mark Lilla's recent column on conservatism:
The rest of Lilla's column abounds with gross generalizations—"younger conservative intellectuals" apparently all, without exception, "mock the advice of Nobel Prize-winning economists and praise the financial acumen of plumbers and builders." This from a guy complaining about a lack of intellectual rigor. Physician heal thyself.
Ok, I will give it a shot.
Their work, just published, demonstrates that FDR's policies prolonged the Great Depression by 7 years.
And all the grand and glorious Nobel Prize winning economists haven't bothered to do this work. It is simple, basic, work.
If they can't get *this* right, and have had the data for over 60 years, then why should they be trusted on *any* other topic?
Remember, if Nobel Prize Winning Economists can't figure out that FDR's policies LENGTHENED the Great Depression, then why should they be trusted on something like, say, Free Trade?
Doing work, demonstrating basic understanding of the world, and then analyzing the outcomes... those are 'conservative' ideals, no?
That grand lot of Nobel Price Winning Economists haven't done the most basic work on Progressivist/Liberal Economic theory to show their effects.
I have an extreme problem with that.
But then I do believe in doing the work, showing the numbers and understanding the subject. And that doesn't require a Nobel Prize to understand.
Yeah, I got a dose of healing to hand out... just gimme the cluebat.