Dear Lucio Muñoz ,

You have raised an intriguing and academically pertinent question. Trumpconomics indeed challenges traditional economic logic, not because it defies rationality, but because it operates on a fundamentally different set of principles and objectives. Traditional economics primarily focuses on economic efficiency, market stability, and long-term growth, whereas Trumpconomics appears to prioritize political symbolism, immediate domestic gains, and loyalty to a particular ideological movement.

Traditional economic models, on one hand, often emphasize international cooperation, comparative advantage, and market equilibrium. Policies under Trumpconomics, on the other hand, tend to focus on protectionism, short-term economic gains, and nationalistic sentiments. For example, the tariff policies that were framed as a liberation strategy from perceived economic dependency do not align with the long-established economic principle that tariffs usually hurt consumers through higher prices. In Trumpconomics, however, these tariffs are framed not as mere economic tools but as political statements of reclaiming economic sovereignty.

Perhaps one reason why Trumpconomics appears nonsensical from a traditional economic perspective is that it serves a dual purpose; economic and socio-political. It seeks to address the grievances of a specific voter base by aligning economic policies with the identity and ideological affiliation of that group. This blending of economic reasoning with political ideology is why many traditional economists find it hard to justify or rationalize Trump’s policies purely on economic terms.

Though, I support your argument, but I also would like to see things differently. Traditional economics is not entirely devoid of socio-political influences. Keynesian economics, for instance, arose from the need to address socio-economic crises. Similarly, Trumpconomics can be seen as an attempt to adapt economic policies to political realities and cultural shifts. Therefore, rather than dismissing Trumpconomics as irrational, it may be more fruitful to analyze it as an economic doctrine intertwined with populist nationalism. Of Course, anybody can differ with me.

Still, I would like to raise a question that does the success or failure of Trumpconomics depend more on its economic outcomes or on its ability to sustain the ideological loyalty it fosters? Could there be a scenario where Trumpconomics becomes a sustainable economic model if its political base remains intact?

Looking forward to insightful discussions.

Subham, you got everything right about differences between trumpconomics and traditional economics, EXEPT I do not think Trumpconomic thinking is irrational and non-sense as I look at it from the temporary authoritarianism vrs NORMAL LIBERAL DEMOCRACY POINT OF VIEW so for me the current behavior of trumpism is the expected behavior from the trumpconomics point of view....

Have you ever read my 2019 publication The 2016 shift from normal liberal democracy to extreme liberal democracy in the USA: Pointing out the structure of Trumpconomics, its meaning, and its expected local and global implications, both analytically and graphically, this document provides the academic support to all the differences you listed and give the rational why and what to expect when exism movements come to power....

Have a nice day

Lucio

What makes sense in "Trumpconomics" often derives from a populist and short-term-focused perspective that can diverge significantly from the principles of traditional economics, which values long-term sustainability, market efficiency, and a nuanced understanding of economic systems. This divergence can create tension and confusion between different schools of thought in economic policy. Trump’s economic policies favor short-term successes (like stock market rallies and job creation metrics) over long-term economic health and sustainability. Traditional economics tends to prioritize policies that ensure stable and prolonged economic growth rather than immediate results that might be unsustainable over time.

Stephen, what has happened in economics is what has happen in the political area post 2016 BREXIT and 2016 USEXIT THERE WAS A PARADIGM SHIFT IN THE LIBERAL ECONOMC SCIENCE BASED LIBERAL DEMOCRY LANDSCAPE BUT BOTH POLITICAL SCIENTIST AND ECONOMISTS missed the boat and they did not adjust their ideas to prevent the problem from spreading and to conteract them once that gain power.... There was a paradigm shift in the liberal democracy landscape as traditional normal democracy politicians behaved and still behave as it they are competing against ANOTHER NORMAL DEMOCRATIC OUTCOME....when they are not.... and there was a shift in the economic landscape from demand side/supply side economics to chained demand side/chained supply economics but they have behaved and continue to behaved as traditional economic thinking is competing with ANOTHER FORM OF TRADITIONAL ECONOMIC THINKING....when they are not. Think about paradigm shift knowledge gaps created by the shift that make A TIT FOR TAT have different meaning and consequences as if there was a tit for tat between two normal democratic outcomes or a tit for tat between two traditional economies,,,,,The reaction or action needs to be different....

I am currently writing a paper that will help to see that TIT FOR TAT when normal liberal democracies compete with temporary authoritarianism in the economic domain may backfire on the wellbeing of normal democracy populations and may help temporary authoritarianism to gain even more effective targeted chaos based power....

For traditional economists trumpconomics policies do not make sense, for non-traditional economists as they think outside the box,,,,,THEY MAKE SENSE in the inverse reality world....If you go there, you can see back...

Respectfully yours;

Since the essence of Trumpconomics is logical inconsistency no economic analysis that rests on internal consistency is going to make sense of it. It can make political sense in that the inconsistencies allow its practitioners to maximize short term political support and win elections--or perhaps end the practice of having elections.

Neil, that is the point addressing inconsistent thinking with consistent thinking or addressing an apple problem with the theory of bananas, a violation of the theory-practice and model-model consistency principle.... In that situation, to prevent or conteract non-science based temporary authoritarianism you need to think outside the box, otherwise you may find yourself playing the game expected by temporary authoritarianism,,,,see the traditional economic based normal liberal democray in essence is a unifier force ;and trumpconomic based extreme liberal democracy is fracturer force and failure to understand that in order to think outside the box on how to conteract a fracturer force may play in favor of the fracturer force.... See Trumpism/exism movements through Trumpoconomics needs to create and mantain effective targeted chaos to overpower political opposition and the independent rule of law system to exist and persist... Tit for tat, non-common sense action-with common sense reaction may play in the hands of more effective targeted chaos creation...giving time and oxygen for the exism movement/Trumpism to leap from temporary authoritarianism to permanent authoritarianism if they need to as a traditional tip for tat gives more time to figure out that....

Trumponomics often diverges from traditional economics by favoring protectionist measures, bilateralism, and trade deficits as leverage tools—positions that defy classical and neoclassical theories emphasizing comparative advantage, multilateralism, and free trade as keys to long-term prosperity.

Chuck, again thinking from inside the box what you say is true, and should be expected to be that way always as turmpconomis is temporary authoritarianism based economics and traditional economics is true democracy leaning economics....democracy and liberal capitalism go one to one...temporary authoritarianism and liberal capitalism go one against one,,,,

If you inverst the theory and practice of Reaganomics you will find out that you arrive at the heart of Trumpconomics....

I appreciafe your comment Chuck!