The Left's Repeated History of Inequality

Jacoby: I'm debating James Golbeth, an economist from the University of Texas in Austin. He tells this story about the economy of the past that is just not true, but it's repeated and repeated and repeated by economists like him. Jacoby: After you get all that support on the left and you get that academia behind it, guess who joins in? Guess who adopts the same story?! The right embraces it. And now there's no opposition to the story. It just gets embedded as truth; both the left and the right embrace it. But generally the right just absorbs what the left has produced because economics is not driven by economics. Economics is driven by more basic