Room for Debate: Are Economists Overrated?

Written By Unknown on Selasa, 10 Februari 2015 | 13.25

  • Diane Coyle

    The Pie on the Table, Not in the Sky

    Diane Coyle, University of Manchester, England

    Government decisions balance costs and benefits, winners and losers. It is best to do this explicitly, which is what economists do.

  • Orlando PattersonEthan Fosse

    Don't Rely on Pseudo-Science

    Orlando Patterson and Ethan Fosse, Harvard University

    Implementation of mainstream economic ideas has led to massive failures after expertise of other academics were ignored.

  • Peter Blair Henry

    Analyze and Explain, Don't Prognosticate

    Peter Blair Henry, New York University

    Economics succeeds when used as a forensic tool, employing history and data, not creating unrealistic expectations.

  • Philip N. Cohen

    Exceptions Overwhelm Economic Rules

    Philip N. Cohen, University of Maryland

    Exploitation, dishonesty, violence, ignorance and demagoguery set vast areas of social life apart outside of economic models.

  • Marion Fourcade

    An Ambivalent Authority

    Marion Fourcade, University of California, Berkeley

    Much of economic science is esoteric and preoccupied with internal struggles. Ideological divisions, exploited by politicians, defy clarity.

  • Charles R. Plott

    Failures Shouldn't Obscure Widespread Success

    Charles R. Plott, California Institute of Technology

    Economic science is the foundation of sound policies and techniques in business and government.


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