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A Little More Liberty: What the _JEL_ Omits in Its Account of What the Economic Report of the President Omits

Author

Listed:
  • Daniel B. Klein
  • Michael J. Clark

Abstract

The classical liberal character of economics emerged in the eighteenth century, notably with Adam Smith’s view that politics is prone to an under-appreciation the relative virtues of natural liberty. Smith centered political economy on the presumption of liberty. The Journal of Economic Literature published a review of The Economic Report of the President. Five authors writing separately raised numerous omissions in The Economic Report of the President. The authors do not suggest as worthy reform a single ERP-omitted potential liberalization. The review shows little trace of the Smithian character.

Suggested Citation

  • Daniel B. Klein & Michael J. Clark, 2006. "A Little More Liberty: What the _JEL_ Omits in Its Account of What the Economic Report of the President Omits," Econ Journal Watch, Econ Journal Watch, vol. 3(3), pages 466-483, September.
  • Handle: RePEc:ejw:journl:v:3:y:2006:i:3:p:466-483
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    References listed on IDEAS

    as
    1. Mark Thornton, 2004. "Prohibition vs. Legalization: Do Economists Reach a Conclusion on Drug Policy?," Econ Journal Watch, Econ Journal Watch, vol. 1(1), pages 82-105, April.
    2. Fred E. Foldvary, 2005. "Geo-Rent: A Plea to Public Economists," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 106-132, April.
    3. Jacob Viner, 1927. "Adam Smith and Laissez Faire," Journal of Political Economy, University of Chicago Press, vol. 35, pages 198-198.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic Report of the President; Journal of Economic Literature; public policy; omission; status quo; presumption of liberty;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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