MEPX
Chapter 10 of 10All chapters

Chapter 10 of 10

Where economists disagree

Being honest about the limits.

Broad agreement

Most economists agree on rent control's long-run effects, the gains from trade, carbon pricing and the reality of opportunity cost. Those are near consensus.

  • Disagreement is sharper on stimulus, minimum wage effects and inequality remedies.
  • Values are often doing more work in the argument than economics is.

Reading claims

Ask whether a claim is positive, describing what happens, or normative, describing what should. The second requires values that no dataset supplies.