Question

In: Economics

Do economists have a role in policymaking on non-economic topics?

Do economists have a role in policymaking on non-economic topics?

Solutions

Expert Solution

ANS :  most important The role that research and researchers should play for economic policy-making is an important topic which probably all applied economists have reflected a lot on.the pol It is very difficult to come up with some general theory and to make broad generalisations.as well as It is much easier to try to draw conclusions if policymaking on non-economic one can make explicit references to particular episodes.However, when economists are sometimes considered with certain mistrust that is fuelled by their short coming the inability to foresee the financial crisis of 2008, conflicts of interest that remain sometimes undeclared, the difficulty in agreeing on a position, or, conversely, a tendency to have a single position, and a lack of didactic sense. if This is the approach here, where I draw on my personal experiences.

most important for two I shall focus on two issues:

1. If The roles of value judgements and economic analysis in policy-making and the contribution researchers can make to hold them apart.

2. When The possibilities of finding institutional frameworks for the proper integration of economic research in policy making.


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