Book notes: Where economics went wrong, by David Colander and Craig Freedman
Chicago economics’ gladiatorial debating style has cost the discipline dearly, the authors argue
David Colander and Craig Freedman, Where economics went wrong: Chicago’s abandonment of classical liberalism, Princeton University Press, 2018, 288 pages
When I was an A-level student, my teacher once asked the class whether economics was an art or a science. We struggled to answer – which, of course, was her intention. The discipline is a blend of both – a mix of subjective, moral reasoning and objective hunting through data and mathematical equations for empirical and theoretical results. As
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