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Has economics fallen to politics? Court economists like Paul Krugman–we might call them “regime economists”–represent a profession in big trouble. Jeff and Bob discuss.

Michael Tanner, “PIketty Gets it Wrong”:
Bob Murphy on the economics establishment vs. Judy Shelton:
Jeff Deist on Nancy McLean’s unprofessional attacks:

00:00 Introduction
00:39 Court Economists
10:31 Has Economics Always Been Political?
17:44 How the Economics Profession is Viewed in Society
24:28 Low Standards for Professional Economists
30:29 The Politics within the Economics Profession