America’s policy thinking in the age of Trump

Edmund Phelps

Journal of Policy Modeling, 2018, vol. 40, issue 3, 509-514

Abstract: What is striking in Trumpian economics – supply-side economics too – is the omission of economic growth. There is no awareness that nations at the frontier need indigenous innovation to have ample growth. The take-offs into sustained growth in 19th century Britain and America were fueled by dynamism from the grassroots up. Moreover, this stunted economics has no room for the rewards from participating in the economy besides the market wage – for the satisfaction of succeeding at what one is doing, the sense of flourishing as one’s career unfolds, and the thrill of venturing into the unknown.

Keywords: Trumpian economics; Supply-side economics; Economic growth; Indigenous innovation; Market wage (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:40:y:2018:i:3:p:509-514

DOI: 10.1016/j.jpolmod.2018.02.009

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