Ranked #89 in Biochemistry
A dozen times every day, individuals and organisations use economic claims to support social and political points of view. Those on the left tend to distrust economists, seeing them as friends of the right. There is something to this scepticism, since professional economists are almost all keen supporters of the free market. Yet while factions on the right naturally embrace economists, they also tend to overestimate the effect of their support on free-market policies. The result is widespread confusion. In fact, virtually all commonly held beliefs about economics—whether espoused by political... more