In History of Economic Errors, Martin Feldstein Deserves Mention

Former students and admirers of Harvard professor Martin Feldstein, who was also the chief economist in the Reagan administration, were undoubtedly outraged to see him excluded from the list of top blunderers in economics compiled by Catherine Rampell in the NYT's Economix blog. Professor Feldstein's claim to fame in this category stems in large part  from a 1974 article which purports to show that Social Security led to a reduction in private savings.

This article received considerable...