● WRONG: Nine Economic Policy Disasters and What We Can Learn from Them
By Richard Grossman
Q&A with author via Boston.com
Q: You have a book coming out this October about economic policy disasters and what we can learn from them. Tell me about that.
A: I found nine economic policy mistakes over the last couple hundred years and did a sort of economic autopsy to explain why they happened and find themes that runs through the mistakes.
Q: What did you find?
A: The main theme seems to be that things go really wrong when policymakers are taken up by ideology. For example, if some percent of your political party sign a pledge saying they would never under any circumstances vote to raise taxes, I would say that is based purely on ideology. My book is sort of a plea for non-ideological, analysis-based economic policy.
