What do economists contribute?

Economists direct their research mainly to the technical frontiers of the discipline. But the actual decisions of political economy are made not by experts but by ordinary public officials and voters -- the "Everyman." The "Everyman" is innocent of basic economics, and needs edification in the basics. The task of educating the Everyman is neglected, sometimes even denigrated, by academic economists. Academic rewards go to those at the frontier, even though their refinements are often of minor relevance to public issues. Daniel B. Klein has here gathered essays of nine great economists of this century: Friedrich Hayek, Ronald Coase, Thomas Schelling, Gordon Tullock, Israel Kirzner, Frank Graham, William Hutt, Clarence Philbrook, and D. McCloskey addressing the existential issue for economists: "How do we contribute to human betterment?" The authors express their esteem for economic research firmly rooted in public issues and the contributes to public discourse. Some suggest that the academic focus on technical refinement not only diverts economists from efforts at public edification, but might even mislead economists in their own understanding of economic affairs. - Back cover.

Year

1999

Language

English

Publisher

New York University Press

Editions

1

Pages

156

ISBN

9780814747223

Data source: Wikidata