received a PhD in economics from Auburn University in 1986 with a thesis on “Contracting, Organization, and Monetary Instability: Studies in the Theory of the Firm.” He received a law degree from the University of Virginia School of Law in 1992.
Boudreaux was an Assistant Professor of Economics at George Mason University from 1985 to 1989. He was an Associate Professor of Legal Studies and Economics at Clemson University from 1992 to 1997, and President of the Foundation for Economic Education from 1997 to 2001. He is now Professor of Economics at George Mason University, where he served as chairman of the Economic Department from 2001 to 2009.
During the Spring 1996 semester he was an Olin Visiting Fellow in Law and Economics at the Cornell Law School. Boudreaux is now an adjunct scholar at the Cato Institute, a Washington think tank.
He is the author of the 2007 book Globalization (Greenwood Guides to Business and Economics) and 2012 book Hypocrites and Half-Wits.
The Sorry State of American Politics
Posted: 12 Jan 2016 09:58 AM PST
Here’s a letter to the Wall Street Journal:
The media rightly ridicule the bigotry and ignorance of the Republican voters who are responsible for Donald Trump’s buoyancy in the polls. But your report today on Hillary Clinton’s proposed 4% “surcharge” on millionaires reveals that Democratic voters are also infested with a mix of bigotry and ignorance that, although different in detail from that of the Republicans, is no less uncivilized and dangerous (“Hillary Clinton Proposes 4% Income-Tax Surcharge for Wealthy Americans,” Jan. 12).
While many GOP voters today mindlessly heap lots of blame on immigrants and foreigners for America’s woes, many Dem voters today mindlessly heap lots of blame on “the rich.” While many GOP voters ignorantly suppose that transferring jobs from immigrants and foreign workers to Americans is a sure-fire way to make ordinary Americans more prosperous, many Dem voters ignorantly suppose that transferring incomes from “the rich” to ordinary Americans is a sure-fire way to make ordinary Americans more prosperous. And while many GOP voters stupidly believe that immigrants and foreigners are natural and implacable enemies of the common good – enemies who prey upon us only because Uncle Sam has been too tolerant of evil in our midst – many Dem voters stupidly believe that “the rich” are natural and implacable enemies of the common good – enemies who prey upon us only because Uncle Sam has been too tolerant of evil in our midst.
The fact is, the success of both Donald Trump and Bernie Sanders testifies unmistakably that the ranks and files of both major parties are now filled with far too many simpletons who not only are utterly ignorant of the ways that economies and governments work, but who also are in equal parts mindless, bigoted, and uncivilized. They are, in short, dupes for power-mad despots-in-waiting.
Donald J. Boudreaux
Professor of Economics
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030