Politically Feasible Mario Rizzo | August 8, 2011 at 11:00 am | Categories: Democracy, Economics, Ethics, political philosophy | URL: http://wp.me/pmseG-1eF |
by Mario Rizzo
Many years ago, the distinguished economist, William H. Hutt, wrote a pamphlet called "Politically Impossible?" He argued that economists should not seek political relevance by proposing only those policies that they perceive as politically possible, practical or feasible. They should speak truth to power, so to say, and advocate those policies that they perceive to be in the "public interest." (Interestingly, it is often considered a key element of the economic rationality of agents to be able to distinguish the desirable from the feasible.) Read more of this post
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