The article considers Paul Samuelson, Robert Solow, James Tobin, Walter Heller, and Arthur Okun qua political economists. The focus is on their combination of a faith in economic science and a passionate public spirit. The article aims to substantiate two related arguments. The first is that these D1“new D2economists” were public intellectuals, regularly addressing public opinion, and engaging 10 with the major economic and social issues of the times; the second is that their value judgements gained the upper hand over scientific discourse when they were confronted with the 1970s inflation.
On science and reform: the parable of the new economics, 1960s-1970s
Roberto Romani
2018-01-01
Abstract
The article considers Paul Samuelson, Robert Solow, James Tobin, Walter Heller, and Arthur Okun qua political economists. The focus is on their combination of a faith in economic science and a passionate public spirit. The article aims to substantiate two related arguments. The first is that these D1“new D2economists” were public intellectuals, regularly addressing public opinion, and engaging 10 with the major economic and social issues of the times; the second is that their value judgements gained the upper hand over scientific discourse when they were confronted with the 1970s inflation.File in questo prodotto:
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