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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 ...
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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.
|List of figures||19|
|2||A misplaced faith in an invisible hand||27|
|3||Hayek and others doubt that doing well is doing good||30|
|4||An impoverished understanding of knowledge||33|
|5||Tullock on doing good||39|
|6||Do economists believe in what they are doing?||42|
|7||Public discourse versus scholasticism||46|
|8||A model of preference falsification within the economics profession||49|
|3||Israel M. Kirzner||69|
|Response to commentaries||88|
|Reply to Goodhart||90|
|Reply to Kirzner||91|
|Low-tech, high-oomph empirical evidence||93|
|About the IEA||106|