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In the 1983 movie The Right Stuff, during a test of wills between the Mercury Seven astronauts and the German scientists who designed the spacecraft, the actor playing astronaut Gordon Cooper asks: “Do you boys know what makes this bird fly?” Before the hapless engineer can reply with a long-winded scientific explanation, Cooper answers: “Funding!” If an economist were asked, “Do you know what makes this economy fly?” the answer, in one word, would be “trust.”
The post The wrong stuff: Why we don’t trust economic policy appeared first on OUPblog.
In the United States, thoughts are turning to the start of the primary season, when votes are cast to choose each party’s presidential nominee. It’s a complicated and sometimes very long process, beginning in Iowa and winding all the way to the conventions in the summer, and every time it gets going, there are certain buzzwords that seem to find their way into the American popular consciousness.
The post Political profanity and crude creativity on the campaign trail appeared first on OUPblog.
Seemingly all the US presidential candidates, in both parties, agree that "something more" should be done about Daesh or ISIS. Most of them, especially the Republican candidates, seem to think that doing more involves more unrestrained bombing (it is unclear if any of them recognize the similarity to demands for unrestrained bombing of Vietnam).
The post The politics of “carpet-bombing,” the ignorance of history, and the usefulness of modern air power appeared first on OUPblog.
