In a recent article in which they lament the timidity of modern economists, Eric Posner and Glen Weyl recently wrote:The upshot is that economics has played virtually no role in all the major political movements of the past half-century, including civil rights, feminism, anticolonialism, the rights of sexual minorities, gun rights, antiabortion politics, and "family values" debates. It has been completely unprepared for Trumpism and other varieties of populism, having failed to predict those developments just as it failed to predict the financial crisis of 2008. And, until very recently, it has shrugged at one of the most politically charged and morally troubling issues of our time -- the rise in
David Henderson considers the following as important: labor market
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