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"Politicians Use Economics the Way a Drunk Uses a Lamppost"



(p. A13) Mr. Blinder cites what he calls the Lamppost Theory: "Politicians use economics the way a drunk uses a lamppost--for support, not for illumination."


For the full review, see:

Matthew Rees. "BOOKSHELF; What They Don't Teach in Econ 101." The Wall Street Journal (Wednesday, April 17, 2018): A13.

(Note: italics in original.)

(Note: the online version of the review has the date April 18, 2018, and has the title "BOOKSHELF; 'Advice and Dissent' Review: What They Don't Teach in Econ 101.")


The book under review, is:

Blinder, Alan S. Advice and Dissent: Why America Suffers When Economics and Politics Collide. New York: Basic Books, 2018.






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