David Henderson on Disagreeable Economists
2007-07-30 · 60 min · episode 61 · 18 entities
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evidence rules-v4
David Henderson on Disagreeable Economists
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Feed author/publisher: Russ Roberts
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Feed author/publisher: Library of Economics and Liberty
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Entities found in this episode
concepts 12
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persons 5
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David Henderson on Disagreeable Economists
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evidence rules-v4
Feed author/publisher: Russ Roberts
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0.55
evidence rules-v4
Feed author/publisher: Library of Economics and Liberty
podcasts 1
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David Henderson on Disagreeable Economists
Episode description as stored
David Henderson, editor of the Concise Encyclopedia of Economics and a research fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about when and why economists disagree. Harry Truman longed for a one-armed economist, one willing to go out on a limb and take an unequivocal position without adding "on the other hand...". Truman's view is often reflected in the public's view that economic knowledge is inherently ambiguous and that economists never agree on anything. Henderson claims that this view is wrong--that there is substantial agreement among economists on many scientific questions--while Roberts wonders whether this consensus is getting a bit frayed around the edges. The conversation highlights the challenges the everyday person faces in trying to know when and what to believe when economists take policy positions based on research. Is it biased or science?