Sunday, October 5, 2008

Economists Have Feelings, Too

A while back, I posted a link to an economist's blog which outlined why a majority of professional economists prefer Obama to McCain in terms of their economic knowledge and policies.
Following on the heels of that, the latest edition of The Economist has an article that makes the same point: professional economists, by a large margin, prefer Barack Obama's economic policies to those of John McCain. This is taken from hilzoy.

From The Economist:

"A survey of academic economists by The Economist finds the majority -- at times by overwhelming margins -- believe Mr Obama has the superior economic plan, a firmer grasp of economics and will appoint better economic advisers. (...)

Eighty per cent of respondents and no fewer than 71% of those who do not cleave to either main party say Mr Obama has a better grasp of economics. Even among Republicans Mr Obama has the edge: 46% versus 23% say Mr Obama has the better grasp of the subject. "I take McCain's word on this one," comments James Harrigan at the University of Virginia, a reference to Mr McCain's infamous confession that he does not know as much about economics as he should."


(It should, however, be acknowledged that the economists self-identify as Democratic. Steven Levitt, author if Freakonomics, discusses the political leanings of economists here.)