Thursday, October 30, 2008

Intellectuals and Socialism (4)

"Why Intellectuals Still Support Socialism" by Peter G. Klein:
.... there are many benefits, for academics, to living in a highly interventionist society. It should be no wonder, then, that academics tend to support those interventions. Economists, in particular, play active roles as government advisers, creating and sustaining the welfare state that now surrounds us. Naturally, when government funds their research, economists in applied fields such as agricultural economics and monetary economics are unlikely to call for serious regulatory reform in their specialty areas.

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