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When Modellers Behave Like Lawyers: Have We Lost the Plot?

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  • Powell, Alan A.

Abstract

Australia has made outstanding contributions to the use of quantitative economic models in public policy discussions. That leading role is now threatened by the increasing use of econometric modellers in an advocacy, lawyer-like role, rather than as impartial sources of the best available technical advice. This development became inevitable once it became fashionable in Canberra during the mid 1980s to deny the existence of public goods and to force the funding of economic intelligence garnering increasingly into the private sector. This paper argues that we are all the losers.

Suggested Citation

  • Powell, Alan A., "undated". "When Modellers Behave Like Lawyers: Have We Lost the Plot?," Center of Policy Studies (COPS) Impact Project Papers 266384, Monash University Center of Policy Studies.
    • Handle: RePEc:ags:copspp:266384
    DOI: 10.22004/ag.econ.266384
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    Keywords

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    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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