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Full-Text Articles in Economic Policy
Planning Local Economic Development In The Emerging World Order, Edward Feser
Planning Local Economic Development In The Emerging World Order, Edward Feser
Edward J Feser
A new consensus is emerging around effective modes of government action in the economic sphere—in essence, a new approach to industrial policy—that has significant implications for the reform of the subnational economic development function currently underway in the UK and US. Leading edge local and regional economic development practise must be smarter, more flexible, more collaborative among stakeholders, more experimental and evaluative, and much less prone to generic diagnoses of economic challenges and the application of universal strategies. In turn, good planning scholarship is needed to help design the organisations and practises the new model requires and to train the …
Economic Writing On The Pressing Problems Of The Day: The Roles Of Moral Intuition And Methodological Confusion, Julie A. Nelson
Economic Writing On The Pressing Problems Of The Day: The Roles Of Moral Intuition And Methodological Confusion, Julie A. Nelson
Julie A. Nelson
Economists are often called on to help address pressing problems of the day, yet many economists are uncomfortable about disclosing the values that they bring to this work. This essay explores how an inadequate understanding of the role of methodology, as related to ethics and human emotions of concern, underlies this reluctance and compromises the quality of economic advice. The tension between caring about the problems, on the one hand, and writing within the existing culture of the discipline, on the other, are illustrated with examples from U.S. policymaking, behavioral economics, and the economics of climate change and global poverty. …