From the New World cover image

Arnold Kling: How Economics Starts with Specialization

From the New World

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The Overproduction of Elites

I'm very skeptical of the commentators on kind of this is not quite elite theory but basically understanding of how the elites work. Have you seen the Hanania tweets making fun of his graphs? No. Those are excellent. Basically Hanania just puts up a Turchin chart and just put up a squiggly line that he just roughly drew on MS Paint. And he kind of makes that point very strongly with that. Yeah, I would be very sympathetic with that. But the phrase over production of elites kind of maybe suggest something that could be real.

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