Will the Twain Ever Meet? Bridging the Gap Between Economics and Politics

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Abstract

There is a huge and harmful gap between two civilizations: economists and politicos. This article explores some of the reasons behind that gap and offers suggestions for how we might shrink it. Doing so will necessarily require more change from economists than from politicos, because politicians are normally the decision-makers while economists are just advisers. Hence, I suggest more places where economists should change their ways. The ideas set forth here are an expansion of those I set out in the 2023 Daniel Patrick Moynihan Lecture on Social Science and Public Policy.

Original languageEnglish (US)
Pages (from-to)245-263
Number of pages19
JournalAnnals of the American Academy of Political and Social Science
Volume711
Issue number1
DOIs
StatePublished - Jan 2024

All Science Journal Classification (ASJC) codes

  • Sociology and Political Science
  • General Social Sciences

Keywords

  • economic advice
  • economic policy
  • efficiency
  • fairness
  • politics
  • time horizons

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