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The Political Effects of Neoliberalism

Why have less-educated Americans, long the base of the Democratic Party, flocked to Republicans in recent decades? New research shows that much of this change can be explained by the Democratic Party’s evolution on economic policy, as the party gradually moved away from its traditional emphasis on "predistribution policies" (favored by less-educated Americans), instead embracing redistributive tax-and-transfer policies (favored by more-educated Americans).

In Praise of Blindspots

Economic models produce blindspots, compressing qualitative differences into quantitative measures. Yet, this vice is also the source of their power.

“As if the Last 30 Years Never Happened”: Towards a New Law and Economics, Part 1

The empirical research we present in this post itself exemplifies how economics can be a powerful tool for examining (and not just assuming) the relationships between the formal structure of the law and the activities of economic exchange. As we lay out further in a subsequent post, legal leftists who fail to engage with the richness of academic economics miss out on many important insights.