Wednesday, April 01, 2015
  Search 
Home
Opportunities
Partners
Publications
About Us
 
 
Please enter your email here, we would like to keep you informed.
 
 
Connect With Us - Facebook RSS
<April 2015>
SuMoTuWeThFrSa
1234
567891011
12131415161718
19202122232425
2627282930
Sections
Liberty In The News
Liberty Events
Conference Proceedings
Culture
Agriculture
Democracy
Development is the Key
Economic Freedom
Education for Life
Enterpreneurship
Environment
Freedom of Expression
Freedom to Trade
Globalization for the Good
Health is Wealth
Intellectual Property Rights
International Relations
Liberty is Security
Limited Government
Principles of Politics
Privatisation
Population - the ultimate resource
Property Rights
Regulatory Affairs
Rule of Law
Tax Freedom
Facts & Figures
Opportunities
Competitions
 Principles of Politics
 
Are You Smarter Than a Fifth Grader?
The Wall Street Journal
A Zogby International survey says that left is completely clueless on economic issues. They show no familiarity with even the fundamentals of economics. Conservatives and libertarians answered properly to the question asked in the survey, when liberals and progressives didn't. They answered negatively to questions which didn't question their sensibilities, writes Daniel Klein in The Wall Street Journal.
link open viagra 125 mg
viagra slicer buy viagra online cheap open
unfaithful husband click wifes who cheat
click dating for married men redirect

Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the May issue of Econ Journal Watch, the answer is unequivocal: The left flunks Econ 101.

... ...

Consider one of the economic propositions in the December 2008 poll: "Restrictions on housing development make housing less affordable." People were asked if they: 1) strongly agree; 2) somewhat agree; 3) somewhat disagree; 4) strongly disagree; 5) are not sure.

Basic economics acknowledges that whatever redeeming features a restriction may have, it increases the cost of production and exchange, making goods and services less affordable. There may be exceptions to the general case, but they would be atypical.

...

In this case, percentage of conservatives answering incorrectly was 22.3%, very conservatives 17.6% and libertarians 15.7%. But the percentage of progressive/very liberals answering incorrectly was 67.6% and liberals 60.1%. The pattern was not an anomaly.

The other questions were: 1) Mandatory licensing of professional services increases the prices of those services (unenlightened answer: disagree). 2) Overall, the standard of living is higher today than it was 30 years ago (unenlightened answer: disagree). 3) Rent control leads to housing shortages (unenlightened answer: disagree). 4) A company with the largest market share is a monopoly (unenlightened answer: agree). 5) Third World workers working for American companies overseas are being exploited (unenlightened answer: agree). 6) Free trade leads to unemployment (unenlightened answer: agree). 7) Minimum wage laws raise unemployment (unenlightened answer: disagree).

...

Americans in the first three categories do reasonably well. But the left has trouble squaring economic thinking with their political psychology, morals and aesthetics.

To be sure, none of the eight questions specifically challenge the political sensibilities of conservatives and libertarians. Still, not all of the eight questions are tied directly to left-wing concerns about inequality and redistribution. In particular, the questions about mandatory licensing, the standard of living, the definition of monopoly, and free trade do not specifically challenge leftist sensibilities.

Yet on every question the left did much worse.

... ...

 

viagra without prescription scams viagra sudden weight gain open
buy cheap viagra where do i buy viagra online viagra stori
how much viagra is too much who markets viagra using viagra to last longer
dating for married people unfaithful husbands will my husband cheat again
This article was published in the The Wall Street Journal
Sauce for the goose
Progressives don't really get progress, but the American people do
Practical tort rules for timely justice
Treachery of intellectuals
Taking Stock of Mr. Singh
Immigration, The Right Against the Right
Foreign Investment In Education
India's Urban Youth Favors Economic Freedom
Avatar: The Atlas Shrugged Of The Left
More Related Articles
Principles of Politics
Role of Businessmen Takes Center Stage in the US Presidential Race Ads
Cheer-up, America! The Case for American Optimism
Gandhism redux? Wanna be Gandhis and the original Gandhi
Political Poribartan in West Bengal: A blueprint for ushering in real change
India’s own politics of denial
Please don't be silent, Prime Minister
Prospect of liberal politics in India today
More Articles


Liberty Partners
  20-22 July: Shanghai Austrian Economics Summit
 
  9th International Conference: Property Rights, Economics and Environment, June 20-23, Aix-en-Provence
  Alternate Solutions Insitutte
  Atlas Economic Research Foundation
 
  Freedom to Trade
  Friedrich Naumann Stiftung - Für Die Freiheit.
  India FNF Alumni Network
  Initiative for Public Policy Analysis
  Inter Region Economic Network (IREN)
  International Policy Network
  Liberty New Central
  Minimal Government Thinkers, Inc.
  The Adventures of Jonathan Gullible: A Free Market Odyssey
 
An Initiative of
LIBERTY INSTITUTE, INDIA
All rights reserved.