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Economists don’t live in a word of facts

Monday, October 8, 2012 0:23
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The Secret to U.S. Growth in the 21st Century: More Asians:

Furthermore, I believe that the cultural benefits of Asian immigration will be just as big as the economic and political benefits. Adding diversity to our melting pot will speed up America’s inevitable and necessary transition from a “nation of all European races” to a “nation of all races.” The sooner that happens — the sooner people realize that America’s multi-racialization is a done deal — the quicker our political debate can shed its current ethnic overtones and go back to being about the issues.

As an empirical matter multiracial/ethnic/religious societies don’t move beyond ethnic overtones in politics, they formalize them as the modus vivendi. This is not a controversial point. That an academic economist could hold such a view says a lot about economics.

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