The Fate of Economics and the Role of Economists
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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