This NY Times article summarizes the contrast between how two Democratic presidential candidates generally approach economic issues.
Candidate A:
believes in the promise of narrowly tailored government policies, like focused tax cuts.
has more faith that government can do what it sets out to do, which is a traditionally liberal view.
subscribes to the conservative idea that people respond rationally to financial incentives.
Candidate B:
draw[s] heavily on behavioral economics, a left-leaning academic movement that has challenged traditional neoclassical economics
[believes that] a simpler program — one less likely to confuse people — is often a smarter program.
For a quick 10 points, which is which? (And with which archetype do I agree more, and by how much?) [Answers in extended entry.]
With which archetype do you agree more, and by how much? [Answers in your comments, should you choose.]
A = Hillary, B = Obama.
Completely aside from my opinions of those specific candidates, I side with B by a wide margin.
Posted by Matt Bruce at January 2, 2008 11:25 AM