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23 of 23 people found the following review helpful:
5.0 out of 5 stars
Big ideas in a little book,
By
This review is from: What Should Economists Do (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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What Should Economists Do? by James M. Buchanan (Paperback - November 1, 1979)
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