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Cover Economists and the State
Economists and the State
What Went Wrong
Timothy P. Roth
Adam Smith is widely regarded as the ‘founder of modern economics’. The author shows, however, that Smith’s procedurally based, consequence-detached political economy, an approach shared by America’s Founders, finds no expression in the economist’s utilitarian, procedurally-detached theory of the state. This ‘wrong turn’ has meant that, if economists are ill-equipped to address an expanding federal enterprise in which utilitarian considerations trump the Smithian/Madisonian idea that means and ends must be morally and constitutionally constrained, they are also ineffectual bystanders as growing institutional skepticism, demands for ‘social justice’ and metastasizing rights claims threaten our self-governing republic.
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Monograph Book
Publication Date:
30 May 2014
DOI:
https://doi.org/10.4337/9781781951934
Collections:
Economics 2014
Chapter 1 The Smithian inheritance
Timothy P. Roth
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Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Preface
Timothy P. Roth
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Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Chapter 5 What has been wrought
Timothy P. Roth
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Type:
Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Chapter 2 Institutions matter
Timothy P. Roth
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Type:
Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Chapter 6 What went wrong
Timothy P. Roth
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Type:
Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Chapter 4 The Founders' republican self-government project derailed
Timothy P. Roth
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Type:
Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
References
Timothy P. Roth
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Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Chapter 7 What should economists do?
Timothy P. Roth
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Type:
Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014
Chapter 3 What economists do
Timothy P. Roth
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Type:
Monograph Chapter
in Economists and the State
Timothy P. Roth
Publication Date:
30 May 2014
Collections:
Economics 2014