Economic Policy under Uncertainty maintains that the question of
truth and accountability has not received particular attention in
the literature on economic methodology. It goes on to argue that
pragmatic theories relate concepts of truth to the beliefs,
thoughts and intentional actions of individuals, blurring the
relationship between theory and practice. Focusing on the
conditions that make it possible to consider economic policy advice
a reliable basis for action and at the same time justifiable in a
broad public discourse, the contributors address the difficulties
faced by economic policy makers when basing policy decisions on
economic advice. They avoid dualistic alternatives between
truth-oriented academic theory and economic policy practice and
remove the epistemic privilege for academic economists. The
question of how economists can be made accountable for policies
made as a result of their counsel is also examined. Exploring
real-world difficulties encountered in giving and receiving
economic policy advice, this book will be of great interest to
economists who wish to reflect on the stance of their discipline,
philosophers with an interest in economic issues and economic
policy advisers considering the particularities of their subject.
General
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