The Present State of Economic Science
AbstractIn this essay reprinted from Social Forces 1926, Glenn E. Hoover laments the state of economic science. He suggests that because important political-economy decisions do not naturally fall to individuals with better knowledge and stronger motivation to make the decisions right, but rather are the province of citizens, opinion makers, and politicos at large, we cannot expect economic understanding and economic policy to remain on a steady path of progress, or even too maintain itself, unless due attention is given to the perennial threat of popular degradation.
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Bibliographic InfoArticle provided by Econ Journal Watch in its journal Econ Journal Watch.
Volume (Year): 5 (2008)
Issue (Month): 3 (September)
economics; economic science;
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
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- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
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