Subject: Maybe economists count less than they think
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 24 Feb 2017 07:01:31 -0500 (EST)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisEconomists Get Too Much Credit — and BlameHow influential is economic theory, really? Not even economists themselves agree. But while some in the field pine for a “new Milton Friedman” to popularize an increasingly complex discipline, Victoria Bateman suggests that economic revolutions happen when everyday people, not just intellectuals, take charge.Ecuador’s Voters Turn Back Latin America’s Pink TideA shaky economy and shady politics have unsettled the Ecuadorean presidential race, with a second-round runoff election called for April after front-runner Lenin Moreno failed to capture enough votes to win this week. But Mac Margolis says the prospect of voting out a decade of bellicose populism is enlivening the country’s democracy.The Big Idea for Middle America: Think SmallHollowed-out towns are not beyond redemption; they’re ripe for growth. Conor Sen explains how cheap land and labor, the internet, and iterative improvements can get struggling communities growing again.Why It Took the Washing Machine So Long to Catch OnThe ubiquitous household helper was invented some 250 years ago, but it didn’t become popular until the mid-20th century. What gives? Reporting from Germany, where newspapers are celebrating the quarter-millennium anniversary of the washing machine, Justin Fox considers the winding path of technological progress.Ritholtz’s ReadsPassive investing is winning despite the fog of war (Monevator)Transforming your basic advantage into a basic disadvantage (A Wealth of Common Sense)“You have to stop,” Renaissance Technologies exec tells boss about Trump support (Wall Street Journal)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyVictoria’s Secret shouldn’t push up pricesWall Street girds for regulatory warIs Snapchat’s IPO the good kind of crazy?(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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