Like most economics professors, I have spent my academic lifetime examining the economic and public policy effects of issues involving the production, distribution, and consumption of goods and servicespolitical economy, if you will. There is, however, a political economy to the very act of producing and disseminating economic knowledge and examining public policies. And that political economy and my assessment of it has changed over a career spanning more than half a century. In this brief article, I will confine my attention mostly to the research dimension and look at five issues, most relating to the political economy of the study of political economy.
Reflections on the Current State of Political Economy
Also published in Cato Journal Tue. March 1, 2016
Richard K. Vedder is a Senior Fellow at the Independent Institute, Distinguished Emeritus Professor of Economics at Ohio University, and author of Let Colleges Fail: The Power of Creative Destruction in Higher Education.
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