We have a hidden model of the economy?

 Economics in a Post-Pandemic World

All four authors examine economics in terms of the tools that it offers to policymakers. In doing so, they bring together “positive economics” – analyses of how the world works – and what the Nobel laureate economist Paul Krugman refers to as “normative economics”: prescriptions of how the world should work.

Normative economics. In America that means earmarks, or perhaps Krugman has not read the news lately.  Earmarks are back.

How do earmarkis work normally? I can hardly wait until Krugman gives his theory on earmarks.  My theory is simple, cash revenue sharing works better, and I am not alone.  Other normative economists have noticed that we are not a proportional democracy and they recognize revenue sharing as the least bad of all the alternatives, including earmarks.  Let us see if Krugman has a better theory of normal American politics, beyond philosophy that is. My claim is that normative economics would use cash instead of earmarks, a relatively simple improvement based on the normative principle that cash allows us to make change.

This is normal political economy in the USA:

If Krugman has a normal theory for this divide then he should be shouting it out. He may be the first person in 250 years to solve the age old normal in American politics.