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How To Do Well While Doing Good!

In: What do Economists Contribute?

Author

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  • Gordon Tullock

Abstract

Economic research always has the potential of contributing to public welfare since improved knowledge can have an effect on the world that is desirable and is unlikely to have an effect that is undesirable. Nevertheless, I would estimate that the average article in economic journals these days has very little prospect of contributing to the well-being of the world. Most economists know this and worry more about publication and tenure than about the contribution their research will make to public welfare. The argument of this chapter is that virtue does not have to be its own reward. The average economist can benefit his career while simultaneously making a contribution to the public welfare.

Suggested Citation

  • Gordon Tullock, 1999. "How To Do Well While Doing Good!," Palgrave Macmillan Books, in: Daniel B. Klein (ed.), What do Economists Contribute?, chapter 6, pages 87-103, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14913-1_6
    DOI: 10.1007/978-1-349-14913-1_6
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    Cited by:

    1. Joshua C. Hall, 2017. "A "Model" Model: McCloskey and the Craft of Economics," Working Papers 17-09, Department of Economics, West Virginia University.

    More about this item

    Keywords

    Pressure Group; Public Welfare; Minimum Price; Optimal Tariff; Average Voter;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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