archive

Economics is too important

From Erasmus Journal for Philosophy and Economics, a special issue in honour of Mark Blaug. Andrew M. Yuengert (Pepperdine): It's Not So Bad to Have Limits, as Long as You Know Them: Economic Theory in Light of the Aristotelian Tradition. Daniyal Khan (New School): Economics as a Science, Economics as a Vocation: A Weberian Examination of Robert Heilbroner’s Philosophy of Economics. G.C. Harcourt, Peter Kriesler, and John Nevile (UNSW): Why Myths in Neoclassical Economics Threaten the World Economy: A Post-Keynesian Manifesto. Craig Freedman (Macquarie) and G.C. Harcourt, Peter Kriesler, and John Nevile (UNSW): Milton Friedman: Constructing an Anti-Keynes. Edward Glaeser on how Gary Becker helped invent the economics of everything (and more and more). “There will be growth in the spring”: How well do economists predict turning points? Hugh Rockoff reviews Wrong: Nine Economic Policy Disasters and What We Can Learn from Them by Richard S. Grossman. Paul Krugman on how paradigming is hard; on what econobloggers — and in particular, those who happen to be political progressives — are doing, and what they should be trying to do; and on why economics failed: Though it’s true that few economists saw the fiscal crisis coming, policy makers and politicians ignored both the textbooks and lessons of history. Josh Barro on why economics failed us, in 297 words. Diane Coyle on why the mainstream economics curriculum needs an overhaul. Claire Jones on a post-crash manifesto to rebuild economics. Should economists be advocates or engineers? Noah Smith wonders. Ha-Joon Chang on why economics is too important to leave to the experts.