Monday, November 03, 2008
Future Senarios for Economics: Kling or Caplan?
Will the demand for economics courses rise (ala Caplan) or has economics suffered a fatal crash leading to a new economics of control (ala Kling)? Are we in for a trend of justifications for economic policy prescriptions of greater and greater governmental controls? Will academic economists change the way they teach? Has anything changed our profession in a fundamental way? If so is it the poverty of our politics or the poverty of our economics?