Can I read Where Economics Went Wrong : Chicago's Abandonment of Classical Liberalism on EtoBox?

Where Economics Went Wrong : Chicago's Abandonment of Classical Liberalism by David Colander; Craig Freedman is a nonfiction available to read on EtoBox.

What is Where Economics Went Wrong : Chicago's Abandonment of Classical Liberalism about?

How modern economics abandoned classical liberalism and lost its way Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman’s prediction has not come true. In Where Economics Went Wrong , David Colander and Craig Freedman argue that it never will. Why? Because economic policy, when done correctly, is an art and a craft. It is not, and cannot be, a science. The authors explain why classical liberal economists understood this essential difference, why modern economists abandoned it, and why now is the time for the profession to return to its classical liberal roots. Carefully distinguishing policy from science and theory, classical liberal economists emphasized values and context, treating economic policy analysis as a moral science where a dialogue of sensibilities and judgments allowed for the same scientific basis to arrive at a variety of policy recommendations. Using the University of Chicago—one of the last bastions of classical liberal economics—as a case study, Colander and Freedman examine how both the MIT and Chicago variants of modern economics eschewed class

Who reads Where Economics Went Wrong : Chicago's Abandonment of Classical Liberalism?

Author

David Colander; Craig Freedman

Publisher

Princeton University Press

Published

2019

Language

EN

ISBN

9780691184050

Category

nonfiction

Subjects

Economics, History, Management