Distinguished Lecture on Economics in Government: The Economist vs. Madmen in Authority | Zendy

Isabel V. Sawhill | Zendy

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Distinguished Lecture on Economics in Government: The Economist vs. Madmen in Authority

Author(s) -

Isabel V. Sawhill

Publication year - 1995

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.9.3.3

Subject(s) - prosperity , government (linguistics) , order (exchange) , economics , politics , ticket , welfare , public economics , public administration , political science , law , economic growth , market economy , finance , linguistics , computer science , philosophy , computer security

This lecture, given to the Society of Government Economists in January 1995, examines the influence of research on policy and vice versa using three widely believed propositions. The first is that government spending is wasteful or ineffective and can readily be cut back in order to reduce the deficit; the second is that welfare should be time limited and made conditional on people's behavior; the third is that education and training are (more than ever) the ticket to individual and national prosperity. The paper explores the interplay of facts of economic analysis with political and institutional constraints and public values.

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