Peter Colander & Craig Freedman, Where Economics Went Wrong: Chicago’s Abandonment of Classical Liberalism
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Keywords

Welfare economics
Neoclassical economics
Economics objectivity.

How to Cite

CARSON, S. A. (2020). Peter Colander & Craig Freedman, Where Economics Went Wrong: Chicago’s Abandonment of Classical Liberalism. Journal of Economics and Political Economy, 7(2), 158–161. https://doi.org/10.1453/jepe.v7i2.2080

Abstract

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.

Keywords. Welfare economics, Neoclassical economics, Economics objectivity.

JEL. C92, E20, J00, J01, J08.
https://doi.org/10.1453/jepe.v7i2.2080
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References

Friedman, M. (1953). Essays in Positive Economics. Chicago: University of Chicago Press.

Hansen, L., & Kevin M. (2019). How Should Economics Shape Policy?. Chicago, [Booth Review].

Thomson, W. (1891). Popular Lectures and Addresses, Vol. I. London: MacMillan. p.80. Retrieved 25 June 2012.

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This article licensed under Creative Commons Attribution-NonCommercial license (4.0)

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