Economists direct their research mainly to the technical
frontiers of the discipline. But the actual decisions of political
economy are made, not by experts, but by ordinary public officials
and voters--the "Everyman." However, the task of educating the
Everyman is neglected, sometimes even denigrated, by academic
economists.
Daniel Klein has here gathered essays of 9 great economists of
this century--Friedrich Hayek, Ronald Coase, Thomas Schelling,
Gordon Tullock, Israel Kirzner, Frank Graham, William Hutt,
Clarence Philbrook, and D. McCloskey--addressing the existential
issue for economists: "How do we contribute to human
betterment?"
The authors express their esteem for economic research firmly
rooted in public issues and that contributes to public discourse.
Some suggest that the academic focus on technical refinement not
only diverts economists from efforts at public edification, but
might even mislead economists in their own understanding of
economic affairs.
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