A Nightmare of a Dream Team
Dec 19, 2011, Vol. 17, No. 14 • By ANDREW FERGUSON
In predicting they would do otherwise, the très chic economists thought they had science on their side. In fact, they didn’t have science on their side—they had a flimsy record of fewer than 150 undergraduates who told a handful of graduate students in a Texas classroom in early 2007 how they thought they might behave in a fanciful situation.
Who knew that 141 students in Corpus Christi would wield so vast an influence over U.S. economic policy? Who knew that the government would be run by intellectuals silly enough to let them wield it?
Andrew Ferguson is a senior editor at The Weekly Standard and the author, most recently, of Crazy U: One Dad’s Crash Course in Getting His Kid into College.