GDL

The Fate of Economics and the Role of Economists

ISSN: 0362-3319.
Journal from gdlhub / 2012-06-19 09:37:34
By : B. WYLIE ANDERSON, University of Northern Iowa
Created : 2012-06-19, with 1 files

Keyword : The Fate of Economics and the Role of Economists
Subject : The Fate of Economics and the Role of Economists
Document Source : Internet

Academic economists have become more partisan and mathematical in their training

and in their role as observers and predictors of economic events. The result of

such an educational mind set and agenda has led economists to search for precise

and politically correct answers to economic problems. Instead of looking for possible

solutions to these problems from a broad social science multi-discipline

approach, they have turned to mathematical models which point to definitive

answers and which, based upon the assumptions of the model, support the political

agenda of those involved. The result is a quantitative partisan perspective on economic

events which does not bode well for economic policy recommendations.

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