The federal government would make the average U.S. citizen better off by using policies that directly focus more on increasing small business growth than growth of economic output overall.
Responses
Responses weighted by each expert's confidence
| Participant | University | Vote | Confidence | Bio/Vote History |
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 Daron Acemoglu |
MIT | Bio/Vote History | ||
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 Alberto Alesina |
Harvard | Did Not Answer | Bio/Vote History | |
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 Joseph Altonji |
Yale | Bio/Vote History | ||
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 Alan Auerbach |
Berkeley | Bio/Vote History | ||
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 David Autor |
MIT | Bio/Vote History | ||
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Targeted sectoral subsidies almost always a special interest boondoggle. And why does small business helps average citizen more than large?
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 Katherine Baicker |
University of Chicago | Bio/Vote History | ||
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 Marianne Bertrand |
Chicago | Bio/Vote History | ||
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 Raj Chetty |
Harvard | Bio/Vote History | ||
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 Judith Chevalier |
Yale | Bio/Vote History | ||
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 Janet Currie |
Princeton | Bio/Vote History | ||
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 David Cutler |
Harvard | Bio/Vote History | ||
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 Angus Deaton |
Princeton | Bio/Vote History | ||
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 Darrell Duffie |
Stanford | Bio/Vote History | ||
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On its face, "small" need not be better. To prioritize implies a loss relative to the unprioritized optimum, barring more information.
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 Aaron Edlin |
Berkeley | Did Not Answer | Bio/Vote History | |
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 Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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 Ray Fair |
Yale | Bio/Vote History | ||
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 Pinelopi Goldberg |
Yale | Bio/Vote History | ||
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 Claudia Goldin |
Harvard | Bio/Vote History | ||
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 Austan Goolsbee |
Chicago | Bio/Vote History | ||
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 Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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 Robert Hall |
Stanford | Bio/Vote History | ||
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Small business is held back by the burden of its undiversified idiosyncratic risk. But I don't think the gov can do much about it.
-see background information here |
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 Bengt Holmström |
MIT | Bio/Vote History | ||
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Government can and should stimulate small business growth with general tax policies. How much and at the exclusiion of what is uncertain.
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 Caroline Hoxby |
Stanford | Bio/Vote History | ||
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Generally, the government is not in a good position to pick winners/losers in the private sector, and I do not see a clear externality here.
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 Kenneth Judd |
Stanford | Bio/Vote History | ||
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Many "average" Americans work for large businesses. What is the point if this does not improve economic growth?
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 Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
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Small biz create and destroy lots of jobs, there is no reason to favor them at the expense of others
-see background information here |
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 Pete Klenow |
Stanford | Bio/Vote History | ||
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This could well be true, but I don't think we know. Meanwhile, favoring small businesses for job creation seems to be doubly misguided.
-see background information here |
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 Jonathan Levin |
Stanford | Bio/Vote History | ||
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 Eric Maskin |
Harvard | Bio/Vote History | ||
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 William Nordhaus |
Yale | Bio/Vote History | ||
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 Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
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 Emmanuel Saez |
Berkeley | Bio/Vote History | ||
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 José Scheinkman |
Columbia University | Bio/Vote History | ||
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 Richard Schmalensee |
MIT | Bio/Vote History | ||
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 Hyun Song Shin |
Princeton | Bio/Vote History | ||
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 Nancy Stokey |
University of Chicago | Bio/Vote History | ||
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 Richard Thaler |
Chicago Booth | Bio/Vote History | ||
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Maybe I am missing something but I see no particular reason why this sector should be favored.
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 Christopher Udry |
Northwestern | Bio/Vote History | ||
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 Luigi Zingales |
Chicago Booth | Bio/Vote History | ||
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