The Knowledge-Power Discrepancy
By Arnold Kling
Rebuilding our manufacturing capacity requires the demolition of the idea that the United States can thrive on its service sector alone. We need to create at least 20 million jobs in the next decade to offset the effects of the recession and to address our $500 billion trade deficit in manufactured goods.
Oh, please. Pointer from Russ Roberts.
A generous interpretation would be that she is engaged in subtle lobbying on behalf of MIT. But I would think that the MIT economics department would be embarrassed by the piece.
Her status as President of MIT would suggest to most readers that she knows what she is talking about. She doesn’t. Her op-ed exemplifies what I said I feared in my Where I Stand video. People who have expertise, but who fail to appreciate the limits of their expertise.