Surprise! 'Pro-business' policies hurt state economic growth

Michael Hiltzik

Conservative economic pundits just love to justify "business-friendly" policies to state governments as keys to job growth, which after all is the whole ballgame in economic policy-making.

As Menzie Chinn of the University of Wisconsin has now shown, the problem is that pro-business policies don't really contribute to economic growth. They just make the rich richer, which is not the same thing at all.