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Value Judgments and Efficiency in Publicly Supported Research

George W. Ladd

Journal of Agricultural and Applied Economics, 1983, vol. 15, issue 1, 1-7

Abstract: This paper is concerned only with research that is intended to guide, influence, or illuminate public policy choices. As professionals, we economists exhibit an unfortunate contradiction in values. Economists insist on making value judgments because they are needed to do research on public policy issues, and, simultaneously, insist on not discussing them, thereby keeping ourselves ignorant about what we are doing.

Date: 1983
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