American Socialism Is Nothing to Be Afraid About

Defeating Trump Politically, Part 3

Note: A shorter version of this piece was published yesterday at The Daily Beast here. Thanks to Michael Tomasky for his help. Socialism has captured the attention of American elites in a big way. On the right, it is clear that Donald Trump and his Republican followers are intent on using Alexandria Ocasio-Cortez ...
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American Socialism Is Nothing to Be Afraid About

What Cass Sunstein Gets Wrong About Marxism, Sanders, and American Politics

Heightening the Contradictions and Missing the Point

Sunstein mentions, in his lone footnote, that his account of Marx and Lenin’s views on “heightening the contradictions” is “a brisk summary of some famously complex and ambiguous arguments.” But the problem is not that his summary is overly brisk, but that it is fundamentally inaccurate and is used as ...
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Thaler’s Nobel Does Not Challenge Mainstream Economics

Prizing nudges over shoves misjudges what we need right now

Behavioral economics contends that economic agents  -- contrary to orthodoxy theory -- do not always behave in ‘rational’ ways.  Human beings base their decisions on "biases" or "heuristics." For example, behavioral economists argue that we tend to overvalue things we already own. This is known as an “endowment effect.” The experiments ...
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