Weak tall-tax support among economists suggests to me this question: How much does economic theory influence economists’ policy recommendations? Or more precisely: Considering all policy judgments of all economists (made as economists, thinking economic theory relevant), what fraction of judgement variance is explained by the fact that they know a common economic theory (including frameworks, default assumptions, and standard data sources)?
Economist Judgment
Economist Judgment
Economist Judgment
Weak tall-tax support among economists suggests to me this question: How much does economic theory influence economists’ policy recommendations? Or more precisely: Considering all policy judgments of all economists (made as economists, thinking economic theory relevant), what fraction of judgement variance is explained by the fact that they know a common economic theory (including frameworks, default assumptions, and standard data sources)?
Comments on this post are for paid subscribers