In the revolutionary 1970s and 1980s, when economic theory exerted its “oppressive” power over the rest of the economics profession, expanding the language of economics was a shared core ...

Joseph W. McGuire, THE ROLE OF EQUITY IN ECONOMICS, Review of Social Economy, Vol. 33, No. 1 (April, 1975), pp. 74-80 ... Â The field of social economics discusses how the economy and social justice ...

Economics is in many ways a novel subject, only gaining momentum in the past 100 years, and only more recently has modern economic theory begun to be developed. On the subject of sustainability, we ...

President Donald Trump’s administration reflects this division. Its economic team includes representatives from the more ...

When I write and talk about economists’ role in policy making, I often refer to what I call the “lamppost theory” of economic policy. The theory holds that politicians use economics the same way a ...

Economic theory and models play a crucial role in the development and evaluation of public policy. However, many policymakers, analysts, and key decision makers lack formal training in economics, ...

Nobel Memorial Prizes in economics are given for long-term research, not for economists’ role in current debates, so they don’t necessarily have much bearing on the political moment.