The Economic Evil of Eugenics
Eugenics has haunted the social sciences for the better part of two centuries. Historically, as a social movement, its most ardent advocates were the progressives, while in economics its most famous champion was John Maynard Keynes. Recently, the history of the eugenics movement has been studied in detail in Thomas Leonard’s masterpiece, Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era (you can read a review here, and Leonard’s own survey of the topic here). Yet although the rhetoric of public policy has changed since the heyday of eugenics a century ago, economic policies with eugenic implications persist almost unnoticed in the 21st century.
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