What do economists contribute?
by Daniel B. Klein
"A Cato Institute book." Includes bibliographical references and index.
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What do economists contribute?
1999, New York University Press
Paperback
in English
0814747221 9780814747223
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Table of Contents
Edition Notes
Includes bibliographical references and index.
"A Cato Institute book."
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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.
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