Thursday, October 24, 2024

23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s

 23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s
By Phil Mattingly, CNN

"More than half of the living US recipients of the Nobel Prize for economics signed a letter that called Vice President Kamala Harris’ economic agenda “vastly superior” to the plans laid out by former President Donald Trump.

"Twenty-three Nobel Prize-winning economists signed onto the letter, including two of the three most recent recipients.

“While each of us has different views on the particulars of various economic policies, we believe that, overall, Harris’ economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic agenda of Donald Trump,” the economists write in the letter obtained by CNN.

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Here's the letter, and the signatories:

"We, the undersigned, believe that Kamala Harris would be a far better steward of our economy than Donald Trump and we support her candidacy.
The details of the presidential candidates’ economic programs are not fully laid out yet, but what they’ve said, combined with what they’ve done in the past, gives us a clear picture of alternative economic visions, policies, and practices.
While each of us has different views on the particulars of various economic policies, we believe that, overall, Harris’s economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the
counterproductive economic agenda of Donald Trump.
His policies, including high tariffs even on goods from our friends and allies and regressive tax cuts for corporations and individuals, will lead to higher prices, larger deficits, and greater inequality. Among the most important determinants of economic success are the rule of law and economic and political certainty, and Trump threatens all of these.
By contrast, Harris has emphasized policies that strengthen the middle class, enhance competition, and promote entrepreneurship. On issue after issue, Harris’s economic agenda will do far more than Donald Trump’s to increase the economic strength and well-being of our  nation and its people.
Simply put, Harris’s policies will result in a stronger economic performance, with economic growth that is more robust, more sustainable, and more equitable."


Signed,
Daron Acemoglu (2024)
George A. Akerlof (2001)
Abhijit Banerjee (2019)
Sir Angus Deaton (2015)
Peter A. Diamond (2010)
Douglas Diamond (2022)
Esther Duflo (2019)
Robert F. Engle III (2003)
Claudia Goldin (2023)
Sir Oliver Hart (2016)
Guido W. Imbens (2021)
Simon Johnson (2024)
Eric S. Maskin (2007)
Daniel L. McFadden (2000)
Robert C. Merton (1997)
Roger B. Myerson (2007)
William D. Nordhaus (2018)
Edmund S. Phelps (2006)
Paul M. Romer (2018)
Alvin E. Roth (2012)
Robert J. Shiller (2013)
Joseph E. Stiglitz (2001)
Richard H. Thaler (2017) 

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Earlier:

Wednesday, June 26, 2024 Feedback (from Trump campaign) on open letter by economists

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