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Trumponomics: Inside the America First Plan to Revive Our Economy
Trumponomics: Inside the America First Plan to Revive Our Economy
By Stephen Moore and Arthur B. Laffer
304 pp, All Points Books, 2018

When economists write, they can decide among three possible voices to convey their message. The choice is crucial, because it affects how readers receive their work.

The first voice might be called the textbook authority. Here, economists act as ambassadors for their profession. They faithfully present the wide range of views professional economists hold, acknowledging the pros and cons of each. These authors do their best to hide their personal biases and admit that there is still plenty that economists do not know. According to this perspective, reasonable people can disagree; it is the author’s job to explain the basis for that disagreement and help readers make an informed judgment.

The second voice is that of the nuanced advocate. In this case, economists advance a point of view while recognizing the diversity of thought among reasonable people. They use state-of-the-art theory and evidence to try to persuade the undecided and shake the faith of those who disagree. They take a stand without pretending to be omniscient. They acknowledge that their intellectual opponents have some serious arguments and respond to them calmly and without vitriol. 

The third voice is that of the rah-rah partisan. Rah-rah partisans do not build their

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  • N. GREGORY MANKIW is Robert M. Beren Professor of Economics at Harvard University. From 2003 to 2005, he was Chair of the Council of Economic Advisers under U.S. President George W. Bush.
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