How Should An Economist View The Society?

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and the society’s long term benefits are squeezed out. Math and computers have taken over noneconomic motives and the changes in the forces of human nature haven’t taken into account in the process of developing the scientific data. Uchitelle supports Heilbroner’s ideas with the quotes from other early philosophers: Joseph A. Schumpeter and Keynes. On the other hand, the modern economists reject these observations. N. Gregory Mankiw emphasizes the importance of objectivity. He defends the idea that positive statements, scientifically verifiable details, can objectively give measurements without the normative statements, which reflect values and judgements. Uchitelle presents both sides arguments in such an order that the chronology suggests the strong support to the early economists. Although the fair representation helps to understand both sides clearly, the author mostly focuses on the early philosophers’ theories. For instance, he first starts with one of Paul Romer’ s experience ...

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