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How Economics Should Be Done - Essays on the Art and Craft of Economics (Hardcover, Annotated edition)
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How Economics Should Be Done - Essays on the Art and Craft of Economics (Hardcover, Annotated edition)
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David Colander has been writing about economic methodology for over
30 years. His pragmatic approach sees applied policy methodology as
rooted in what economists actually do, not in what methodologists
say they should do. It sees applied policy methodology as
constantly evolving as analytic and computational technology
changes, evolving far too fast to be subject to any rigid
scientific methodology. That problem is that economists generally
think of applied policy analysis as applied science. Colander
argues that using a scientific methodology to guide applied policy
undermines good policy analysis. Instead, he contends that
economists should use a much looser engineering methodology that
blends science, heuristics, inescapable moral judgments, and
creativity into what he calls the art and craft of economics. Here,
Huei-chun Su has selected seventeen of Colander's articles that
spell out and capture his arguments at various levels - some formal
academic articles dealing with cutting edge methodology, and some
more popular articles making the case for his approach. An original
introduction and annotated bibliography serve as excellent
resources for further exploring his arguments. Clear,
well-structured, and written in plain English with little jargon,
the book is approachable and suitable for anyone interested in the
current and future state of economics and the economics profession.
This includes students at any level as well as methodologists,
applied economists, historians and critics of modern economics.
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