Advice and Dissent

Advice and Dissent

Why America Suffers When Economics and Politics Collide

A bestselling economist tells us what both politicians and economists must learn to fix America’s failing economic policies

American economic policy ranks as something between bad and disgraceful. As leading economist Alan S. Blinder argues, a crucial cultural divide separates economic and political civilizations. Economists and politicians often talk–and act–at cross purposes: politicians typically seek economists’ “advice” only to support preconceived notions, not to learn what economists actually know or believe. Politicians naturally worry about keeping constituents happy and winning elections. Some are devoted to an ideology. Economists sometimes overlook the real human costs of what may seem to be the obviously best policy–to a calculating machine. In Advice and Dissent, Blinder shows how both sides can shrink the yawning gap between good politics and good economics and encourage the hardheaded but softhearted policies our country so desperately needs.

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Genre: Nonfiction / Business & Economics / Economics

On Sale: March 27th 2018

Price: $30

Page Count: 368

ISBN-13: 9780465094172

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Praise

"At a moment when policy expertise is devalued in Washington, Advice and Dissent is a brisk and refreshing call to reason. Blinder's thoughtful, entertaining and eminently readable book rightly critiques politicians and economists for misunderstanding each other's motivations. And he traces a helpful path to tackling even the most difficult economic problems by balancing the sound insights of economics with appropriate respect for the exigencies of politics. Politicians and economists can learn from this book. So can the rest of us."—E.J. Dionne, Jr.
"Alan Blinder provides one of the best summaries of the divide between economics and politics. He should know because he has served both areas in the highest capacities. But Alan's greatest gift is that he is first and foremost a pragmatist who is sick and tired of the dysfunction in Washington. His recommendation to economists and politicians is my recommendation to Democrats and Republicans--grow up, work together and better understand that fairness and efficiency can both serve the interest of a better democracy."—Leon Panetta
"Alan Blinder's book is a thoughtful and witty exploration of what he calls the Lamppost Theory--the proposition that politicians who make economic policy rely on economic experts for support, not for illumination. As a leading academic, a veteran of the policy wars in Washington, and a witty prose stylist, Blinder is ideally placed to explain the policy process in all its messiness and to suggest some practical options for getting better results."—Ben Bernanke
"More than any other aspect of governance, economic policy is entangled with--note well: I do not say 'informed by'--scholarship. Alan Blinder has participated from both sides in the complicated relationship between academic theories and political practices. His reflections about this are as fresh as today's headlines, and as entertaining as they are illuminating."—George F. Will
"A valuable book from a sensible centrist who writes with great knowledge and good humor."—Kirkus