Economic Policy Under Uncertainty: The Role Of Truth And Accountability In Policy Advice [Hardcover]

Peter Mooslechner (Editor), Helene Schuberth (Editor), Martin Schurz (Editor)

Book Description

Publication Date: February 28, 2005 | ISBN-10: 1843764857 | ISBN-13: 978-1843764854

Economic Policy under Uncertainty maintains that the question of truth and accountability has not received particular attention in the literature on economic methodology. It goes on to argue that pragmatic theories relate concepts of truth to the beliefs, thoughts and intentional actions of individuals, blurring the relationship between theory and practice. Focusing on the conditions that make it possible to consider economic policy advice a reliable basis for action and at the same time justifiable in a broad public discourse, the contributors address the difficulties faced by economic policy makers when basing policy decisions on economic advice. They avoid dualistic alternatives between truth-oriented academic theory and economic policy practice and remove the epistemic privilege for academic economists. The question of how economists can be made accountable for policies made as a result of their counsel is also examined. Exploring real-world difficulties encountered in giving and receiving economic policy advice, this book will be of great interest to economists who wish to reflect on the stance of their discipline, philosophers with an interest in economic issues and economic policy advisers considering the particularities of their subject.

Editorial Reviews

About the Author

Edited by Peter Mooslechner, Helene Schuberth and Martin Schürz, Oesterreichische Nationalbank, Austria

Product Details

• Hardcover: 322 pages
• Publisher: Edward Elgar Pub (February 28, 2005)
• Language: English
• ISBN-10: 1843764857
• ISBN-13: 978-1843764854
• Product Dimensions: 9.3 x 6.3 x 1 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #4,527,881 in Books (See Top 100 in Books)