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The Present State of Economic Science

Author

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  • Glenn E. Hoover

Abstract

In this essay reprinted from Social Forces in 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.

Suggested Citation

  • Glenn E. Hoover, 2008. "The Present State of Economic Science," Econ Journal Watch, Econ Journal Watch, vol. 5(3), pages 352-357, September.
    • Handle: RePEc:ejw:journl:v:5:y:2008:i:3:p:352-357
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    More about this item

    Keywords

    economics; economic science;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • 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

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