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What economists know... and what they want
As we know, Simon Jenkins takes a dim view of the dismal science:
When muck hits fan, economists always blame politicians. They would have some justice if they did not take credit when things go right. I was always uncomfortable at the overselling of economics as a science, when it is rather a branch of psychology, a study of the peculiarities of human nature.Greg Mankiw - much less of a sceptic, inevitably - has set out a list of US campaign policies which would win the vote of his peers. The ideas include opposing farm subsidies and liberalizing drugs policy and - no surprise here - putting much more money into economic research.
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