The Tragic Science: How Economists Cause Harm (Even as They Aspire to Do Good)

A forceful critique of the social science that has ruled—and damaged—the modern world.

The practice of economics, as economists will tell you, is a powerful force for good. Economists are the guardians of the world's economies and financial systems. The applications of economic theory can alleviate poverty, reduce disease, and promote sustainability.

While this narrative has been successfully propagated by economists, it belies a more challenging truth: economic interventions, including ...