Tag: economists
-
Finally, Economists Acknowledge That They’re Biased
Forbes: Finally, Economists Acknowledge That They're Biased … It’s striking that so many economists have praised his [Tyler Cowen] op-ed: usually, economists (with much reason) point to how their conclusions are dispassionate, fact-based and (quasi) scientific as evidence for their validity. You would think that Cowen’s conclusion that most economists are not just disembodied scientists…
-
Clergy and Economists: Allies Not Adversaries
Acton Commentary: Clergy and Economists: Allies Not Adversaries (Dr. Dwight R. Lee is the William J. O’Neil Endowed Chair in Global Markets and Freedom at Southern Methodist University.) Members of the clergy and those who work as economists have formed their understandings of the world by examining it through different windows. Yet, the social objectives…
-
Economists: Not As Smart as You Think (Or Are They?)
Politics Today: Economists: Not As Smart as You Think (Or Are They?) Economics appears to have replaced the law as the profession of ridicule. In April, for example, Business Week ran a cover story asking, "What Good Are Economists Anyway?" given that they failed to predict the worst recession since the Great Depression. More recently,…
-
How Did Economists Get It So Wrong?
New York Times: How Did Economists Get It So Wrong? It’s hard to believe now, but not long ago economists were congratulating themselves over the success of their field. Those successes — or so they believed — were both theoretical and practical, leading to a golden era for the profession. On the theoretical side, they…
-
Theologians & Economists: The Economic World of the Bible Versus Now
[Series Index] A major challenge for theological reflection on economics is the distance in time and space between First Century Palestine and Twenty-First Century America. We tend to read our context back into Scripture. We assume people pretty much understood life as we do. That may be harmless with some issues, but it can profoundly…
-
Theologians & Economists: The Rise of Unprecedented Prosperity (2)
[Series Index] (Continued) Economic Growth When most people think of economic disparity, they usually think in terms of income. Income is correlated with other factors that empower us to survive and thrive. What can we say about per capita income on a historical basis? Comparing income across eras is difficult. Inflation and other variables make…