Description

Should economists remain as detached scholars, pursuing their research to the satisfaction of themselves and fellow academics? Or should they try to educate their fellow men and women in economic ideas, hoping to have an impact on economic policy? In this Occasional Paper, Professor Daniel B. Klein addresses these issues, concluding that if economists want to be influential in policy-making, they must be willing to communicate with the 'Everyman'. Scholasticism is valuable in encouraging high research standards, but it has been carried too far in the economics profession, to the detriment of research and teaching which are relevant to policy. Five well-known economists - John Flemming, Charles Goodhart, Israel Kirzner, Deirdre McCloskey and Gordon Tullock - then comment on Klein's paper.

A Plea to Economists Who Favour Liberty: Assist the Everyman

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Should economists remain as detached scholars, pursuing their research to the satisfaction of themselves and fellow academics? Or should they... Read more

    Publisher: Institute of Economic Affairs
    Publication Date: 20/06/2001
    ISBN13: 9780255365017, 978-0255365017
    ISBN10: 255365012

    Non Fiction , Business, Finance & Law

    Description

    Should economists remain as detached scholars, pursuing their research to the satisfaction of themselves and fellow academics? Or should they try to educate their fellow men and women in economic ideas, hoping to have an impact on economic policy? In this Occasional Paper, Professor Daniel B. Klein addresses these issues, concluding that if economists want to be influential in policy-making, they must be willing to communicate with the 'Everyman'. Scholasticism is valuable in encouraging high research standards, but it has been carried too far in the economics profession, to the detriment of research and teaching which are relevant to policy. Five well-known economists - John Flemming, Charles Goodhart, Israel Kirzner, Deirdre McCloskey and Gordon Tullock - then comment on Klein's paper.

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