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Peter Colander & Craig Freedman, Where Economics Went Wrong: Chicago’s Abandonment of Classical Liberalism,Princeton University Press, 2019,267pp. $22.99Hardcover

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  • Scott Alan CARSON

    (University of Texas, Permain Basin, 4901 East University, Odessa, TX, 79762, USA)

Abstract

Classical Economists preserved a firewall between their understanding of social conditions, their role in scientific theories, and policy advocacy. However, contemporary Neoclassical and Welfare economics have abandoned economics objectivity. Colander and Freedman indicate that it is time for the profession to rebuild the firewall between economic analysis and policy recommendations and return economics to its classical roots

Suggested Citation

  • Scott Alan CARSON, 2020. "Peter Colander & Craig Freedman, Where Economics Went Wrong: Chicago’s Abandonment of Classical Liberalism,Princeton University Press, 2019,267pp. $22.99Hardcover," Journal of Economics and Political Economy, EconSciences Journals, vol. 7(2), pages 158-161, June.
    • Handle: RePEc:cvv:journ1:v:7:y:2020:i:2:p:158-161
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    JEL classification:

    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • J00 - Labor and Demographic Economics - - General - - - General
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

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