THE FATE OF ECONOMICS AND THE ROLE OF ECONOMISTS

Academic economists have become more partisan and mathematical in thei r training and in their role as observers and predictors of economic e vents. The result of such an educational mind set and agenda has led e conomists to search for precise and politically correct answers to eco nomic problems. Instead of looking for possible solutions to these pro blems from a broad social science multi-discipline approach, they have turned to mathematical models which point to definitive answers and w hich, based upon the assumptions of the model, support the political a genda of those involved. The result is a quantitative partisan perspec tive on economic events which does not bode well for economic policy r ecommendations.