HAVE ECONOMISTS FAILED?
BARBARA R. BERGMANN
(Professor of Economics, University of Maryland, College Park, Maryland 20742. This paper was written for delivery as the presidential address at the inaugural meetings of the Eastern Economic Association, Albany, New York, October 27, 1974.)
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Abstract
By the criterion most beloved by the economics profession, economists have not failed; on the contrary, we are a glorious success. The criterion I am referring to is, of course, that of success in the marketplace. The marketplace continues to value our output highly. The profession is growing at a much faster rate than gross world product. The services it generates are well paid for and in high demand. Its current output and accumulated capital stock of “knowledge” grows at a vigorous rate.
Citation
BERGMANN, B.R. (1978), "HAVE ECONOMISTS FAILED?", Studies in Economics and Finance, Vol. 2 No. 2, pp. 3-18. https://doi.org/10.1108/eb028599
Publisher
:MCB UP Ltd
Copyright © 1978, MCB UP Limited