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Alan S. Blinder: Good Ideas that Come from Economic Reasoning

  • Fri, May 22 2009
    • Alan Blinder

I want to talk about economics and public policy and, in particular, to develop a paradox—which, Webster reminds, us is an apparent contradiction, not an actual contradiction. The paradox is about the standing of economics within the social sciences. Many scholars in economics are very aloof—you might even say, disengaged from reality. Much of the work that economic scholars produce is completely impenetrable to almost everybody, including most other economic scholars. This is true much more so in economics than in any of the other social sciences, by a large margin I think. And yet economists are involved more in…

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