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16: Tyler Cowen - The Revolution Will Not Be Marginalized

The Portal

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Economists Did More Good Than Harm

Economics is not a scandal that we've gone around wrecking ings. Benaman applebam argues this in his recent book. But i think it's overlooking the many cases where economic advice has done well. You look at chile, which has been democratic since 19 90. Economic inequality in chile has been falling for some period of time. And the country has the highest real wages in latin america by some amount. Economists gave some bad advice there, but over all, they did much more good than harm.

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