The Vices of Economists; The Virtues of the Bourgeoisie

by Deirdre N. McCloskey

Overview

The 'vices' are three bad habits into which economists have fallen over the past fifty years: bad statistics, bad theory, and bad applications of statistics and theory to public affairs. This book details the vices, tracing them to the influence of three giants of the 1940s and 1950s in economics, the Americans Lawrence Klein and Paul Samuelson, and the Dutchman Jan Tinbergen. McCloskey recommends a 'bourgeois', even feminine, virtue to replace the aristocratic and masculine vices of modern economics. She sees intellectual life as a bourgeois market of negotiating equals. What is good for a liberal democracy is good for intellectual life, she argues, even in the forbiddingly mathematical world of modern economics.

Product Details

ISBN-13:	9789053562444
Publisher:	Amsterdam University Press
Publication date:	06/01/1997
Pages:	135
Product dimensions:	6.55(w) x 9.77(h) x 0.57(d)
Lexile:	1160L (what's this?)

About the Author

Deirdre Nansen McCloskey is distinguished professor emerita of economics and of history, and professor emerita of English and of communication, at the University of Illinois at Chicago. 

Table of Contents

Chapter 1: The Boys in the Sandbox
Chapter 2: The Irrelevance of Statistical Significance
Chapter 3: The Futility of Blackboard Economics
Chapter 4: The Arrogance of Social Engineering
Chapter 5: A New, Modest, and Bourgeois Economics
Works Cited