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What Should Economists Do? 1st Edition

5 out of 5 stars 2 customer reviews
ISBN-13: 978-0913966655
ISBN-10: 0913966657
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Product Details

  • Paperback: 292 pages
  • Publisher: Liberty Fund; 1st edition (1979)
  • Language: English
  • ISBN-10: 0913966657
  • ISBN-13: 978-0913966655
  • Product Dimensions: 0.8 x 6.2 x 9.2 inches
  • Shipping Weight: 14.1 ounces
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,716,959 in Books (See Top 100 in Books)

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Format: Hardcover
What Should Economists Do is a little book with some big ideas. It deals with many complicated subjects. It examines the relation of economics to other academic disciplines. It examines what economists can learn from and teach to other academics. It examines the scientific method in economics. It examines the use of a-priori axioms and the empirical testing of hypotheses. It examines subjectivism in economics. It examines human nature. It looks at the human desire for self-improvement. It delves into political economy. It examines Public Choice theory and the conflict between public financed education and academic freedom. Above all it examines the nature of human choice and argues against deterministic notions of "scientific choice" that preclude real choice.

What Should Economists do makes you think critically about modern Neoclassical economics. If choice is fully defined by utility functions, can there be real choice? How can the mathematical approach to social theory that economists favor be reconciled with the analysis of real people and real institutions? What can different disciplines learn from each other? This book is one of Buchanan's' best works. It is one of his most readable too. It should be read, not only by economists, but by anyone who is interested in social theory.
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Format: Paperback Verified Purchase
This is essential reading for anyone who is interested in the work of James Buchanan and particularly about public choice.
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