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Thread: Students who take Economics Classes vote Republican

  1. #1

    Default Students who take Economics Classes vote Republican

    https://www.newyorkfed.org/medialibr...orts/sr450.pdf

    To briefly preview our results, those who took more economics classes or who majored in economics or business were more likely to be members of the Republican party and less likely to join the Democratic party. Those findings hold even after controlling for the higher salary,higher equity in real estate holdings, and earning a graduate degree. Neither the number ofeconomics classes taken nor majoring in economics are related to the decision to vote in the 2000presidential election, or in the most recent state or local elections.
    Interesting study from the New York Fed that shows voting Republican is directly correlated to the number of economics classes a person takes in college.



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  3. #2

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    lol, the $#@!ty Keynesian economics classes at that.. imagine if they taught real economics.
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  4. #3

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    Quote Originally Posted by dannno View Post
    lol, the $#@!ty Keynesian economics classes at that.. imagine if they taught real economics.
    If Keynesian economics were taught they probably would vote Independent over Republican.
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  5. #4

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    Quote Originally Posted by dannno View Post
    lol, the $#@!ty Keynesian economics classes at that.. imagine if they taught real economics.
    They'd vote for Ron Paul.
    Quote Originally Posted by Ron Paul View Post
    The intellectual battle for liberty can appear to be a lonely one at times. However, the numbers are not as important as the principles that we hold. Leonard Read always taught that "it's not a numbers game, but an ideological game." That's why it's important to continue to provide a principled philosophy as to what the role of government ought to be, despite the numbers that stare us in the face.

  6. #5

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    That helps explain who fruity gender studies students vote for.

  7. #6

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    Quote Originally Posted by dannno View Post
    lol, the $#@!ty Keynesian economics classes at that.. imagine if they taught real economics.

    Quote Originally Posted by phill4paul View Post
    If Keynesian economics were taught they probably would vote Independent over Republican.

    "Keynesian" economics, as in traditional "demand is everything" economics isn't really taught anymore; it is no longer part of the mainstream. What people call "Keynesian" economics today is really "neo-Keynesian" economics, which is a mix of traditional Keynes, behavioral economics, old-school-Friedman-style monetarist economics, a smattering of Adam Smith-like classical economics, and a mix of some various odds and ends. In general, neo-Keynesian economics is centrist, generally favoring less government regulation in the economy (plus low taxes, less spending, less regulation). However, they are incredibly supportive of central banks and believe that central banks can add fuel to booms and mitigate busts. Basically, when things are going well, thank the central banks, and when things aren’t going well, it is because the central bank didn’t make the right decisions. They do support fiscal stimulus (higher spending and lower taxes) in a temporary fashion and/or when central banks fail to act.


    Unfortunately, this distinction is lost on conservative blowhards who go mental at the word “Keynesian”.






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