How To Do Well While Doing Good!

Gordon Tullock

Chapter 6 in What do Economists Contribute?, 1999, pp 87-103 from Palgrave Macmillan

Abstract: Abstract Economic research always has the potential of contributing to public welfare since improved knowledge can have an effect on the world that is desirable and is unlikely to have an effect that is undesirable. Nevertheless, I would estimate that the average article in economic journals these days has very little prospect of contributing to the well-being of the world. Most economists know this and worry more about publication and tenure than about the contribution their research will make to public welfare. The argument of this chapter is that virtue does not have to be its own reward. The average economist can benefit his career while simultaneously making a contribution to the public welfare.

Keywords: Pressure Group; Public Welfare; Minimum Price; Optimal Tariff; Average Voter (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1007/978-1-349-14913-1_6

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