Hi Marsh,
Three things:
1. When Casey Mulligan publishes his screeds in the NYTimes feature ECONOMIX,
readers comment on them. Sometimes the comments are quite detailed and seem
knowledgable. If you can still find those screeds pertaining to the subject of
the book, you might find something useful there. I have a vague memory of one
of these in recent months.
2. I hope you'll tell us on Pen-l if you have anything to report.
3. In terms of measuring Mulligan's credibility, check out his Op Ed in the
NYT of Oct 10, 2008. This was intended, apparently, to impact that year's
election. Mulligan states forcefully that the economy "is strong." His
concluding sentence: "So, if you are not employed by the financial industry
(94 percent of you are not), don’t worry. The current unemployment rate of 6.1
percent is not alarming, and we should reconsider whether it is worth it to
spend $700 billion to bring it down to 5.9 percent."
Gene Coyle
On Dec 21, 2012, at 9:24 AM, Marshall Feldman wrote:
> 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. And
> Fox Nation 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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