The Role of Economists

Tim Hazledine

Chapter 27 in Full Employment without Inflation, 1984, pp 231-235 from Palgrave Macmillan

Abstract: Abstract Economics has a long and dishonourable tradition of having, in Pigou’s words, ‘furnished for the ungodly blunt instruments with which to bludgeon at birth useful projects of social betterment’.1 Although the last two centuries have witnessed slow but by now substantial improvement in the material well-being of the wage-earning majority, at almost every stage this progress was earnestly opposed by the economists of the day.

Keywords: Full Employment; Macroeconomic Performance; Perfect Competition; Academic Economist; Major Paradigm Shift (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-17697-7_27

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