Author(s): DANIEL B. KLEIN | MICHAEL J. CLARK
Journal: Econ journal watch
ISSN 1933-527X
Volume: 3;
Issue: 3;
Start page: 466;
Date: 2006;
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Original page
Keywords: Economic Report of the President | Journal of Economic Literature | public policy | omission | status quo | presumption of liberty
ABSTRACT
The classical liberal character of economics emerged in the eighteenth century, notably with Adam Smith’s view that politics is prone to an under-appreciation the relative virtues of natural liberty. Smith centered political economy on the presumption of liberty. The Journal of Economic Literature published a review of The Economic Report of the President. Five authors writing separately raised numerous omissions in The Economic Report of the President. The authors do not suggest as worthy reform a single ERP-omitted potential liberalization. The review shows little trace of the Smithian character.
Journal: Econ journal watch
ISSN 1933-527X
Volume: 3;
Issue: 3;
Start page: 466;
Date: 2006;
VIEW PDF
DOWNLOAD PDF Original pageKeywords: Economic Report of the President | Journal of Economic Literature | public policy | omission | status quo | presumption of liberty
ABSTRACT
The classical liberal character of economics emerged in the eighteenth century, notably with Adam Smith’s view that politics is prone to an under-appreciation the relative virtues of natural liberty. Smith centered political economy on the presumption of liberty. The Journal of Economic Literature published a review of The Economic Report of the President. Five authors writing separately raised numerous omissions in The Economic Report of the President. The authors do not suggest as worthy reform a single ERP-omitted potential liberalization. The review shows little trace of the Smithian character.
