Jon Murphy (@jmurphy8289) header
Jon Murphy (@jmurphy8289) profile picture

Assistant Professor at Nicholls State University Winner of the 2024 Elinor Ostrom Prize Named "the cool economist" by the Nicholls Worth Economist Consultant

Louisiana, USA
Joined November 2011
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I would say Isabella Weber, in arguing that economics should focus on how to implement democratically selected policies, has simply shifted the notion of economics to what we conventionally call public administration - a discipline where policy implementation has long been a central theme. Much like a lot of economists, Weber doesn't mention that literature and seems to think this idea is novel when it's really just plain old public administration - which also did this better, in my view, because public administration was never preoccupied with calling this fascism. The novel approach might be to say economists should focus its mechanism design insight into public administration problems of implementation, but that has been done, so I'm not really sure what's really new here beyond conflating economics with public administration.
Everyone must watch this, listen carefully, critically engage, and consider the implications for a liberal pluralistic society. Take Weber seriously, and dissect the claims being made.
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1/ An underappreciated aspect of tariffs under Trump was the chaos they caused. When those tariffs were announced at rates disconnected from reality, it was a harbinger of what was to come.
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2/ At the time, I was doing some consulting for some lawmakers in Louisiana. Pre April 2025, they dismissed concerns about tariffs. It was just typical Trump bluster. The first meeting we had after, they basically said "oh shit."
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What the pro-tariff group does not understand is tariffs were merely the first pebble to fall, signalling a greater avalanche to come. April showed the whole world this administration was divorced from reality.
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Trump 2026 didn't understand why Trump 2024 won. People voted out the Dems in 24 because voters were concerned about affordability while Dems were out of touch and obsessed with performative gestures. Trump 2026 likewise is out of touch and obsessed with performative gestures.
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Today is my favorite lecture: monopoly, Ozymandias, and Blade Runner
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Jon Murphy retweeted
By arriving at 10:00 and leaving at 3:00 you leave plenty of time for posting about how oppressed you as a faculty member. “Workers” of the World Unite!
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People respond to incentives and act on the margin.
You can debate the magnitude of people who move for tax reasons. But if you debate the existence you lose all credibility with me. I could easily name more than a dozen people I know who have moved from high-tax jurisdictions to low-tax jurisdictions to reduce their taxes.
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Tell me you've never studied economics without telling me you've never studied economics
I find it fascinating that economists demand microfoundations for macroeconomic models but rarely demand empirical foundations for the microeconomic assumptions themselves.
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Stephen Moore reasons from a price change. Do not be like Stephen Moore.
Want to understand the affordability crisis? Look at the blue states with the highest costs of living. Trump’s first-term inflation averaged 2%. Under Biden, it averaged 5%. Why would anyone trust Democrats to fix the problem their policies have made worse?
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Not from The Onion: Man who has started multiple illegal wars, kidnapped foreign leaders, and routinely threatens to annihilate entire civilizations shocked to learn he didn't win Peace Prize
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So, we both have to worry about big companies because they're gonna rule the economy, and be sad when they die because they are storied brands?
“Well-established brands should persist indefinitely” is a very conservative take from a progressive politician.
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That MBD is asking a question free trade advocates since Adam Smith have answered indicates that, despite his claim, he is not engaging with free trade at all
This quoted post is unavailable.
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