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What Do Economists Know?

In: What do Economists Contribute?

Author

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  • Thomas C. Schelling

Abstract

The title of my talk today was stimulated by a conversation I had forty years ago with Peter Bauer, the distinguished Cambridge University economist. I arrived early at a dinner for him, and before other guests arrived he proclaimed, provocatively, that the number of things that economists knew that were true, important, and not obvious, was no more than the fingers on one hand. I waited to hear what the four or five things were that were true, important, and not obvious, but other guests arrived, the conversation was interrupted, and I was left forever in suspense.

Suggested Citation

  • Thomas C. Schelling, 1999. "What Do Economists Know?," Palgrave Macmillan Books, in: Daniel B. Klein (ed.), What do Economists Contribute?, chapter 8, pages 119-124, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14913-1_8
    DOI: 10.1007/978-1-349-14913-1_8
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