Hello,
I just noticed that one of my students wrote an enthusiastic post about
Casey Mulligan's new book, /The Redistribution Recession/, on the forum
of my labor economics class. As much as it pains me to say so, I'll
probably have to read the book. As far as I can tell, the book's thesis
is standard Chicago fare: stimulus spending created disincentives that
made the recession worse.
I think this is an important book, since it's likely to frame narratives
coming from the right. A Google search reveals that Prof. Mulligan has
already been on Fox News several times, most recently promoting his book
<http://mediamatters.org/blog/2012/11/29/fox-claims-nation-of-dependents-could-prolong-t/191582>.
And Fox Nation
<http://nation.foxnews.com/redistribution-wealth/2012/10/29/redistribution-stymieing-recovery-holding-people-poverty-research-shows>is
citing his work and others as "research shows ...."
Are any of you familiar with the book? Do you know of any accessible
published debates to which I might direct my student? Or other material?
(The first link above is to a blog post discussing the CBO's report on
the number of jobs created by the stimulus. But this student has
difficulty reconciling macro and micro, so I'd like to give her
something that more directly addresses the issues of incentives, etc.)
Thanks.
Marsh Feldman
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