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What are two reasons why economists have a reputation for giving conflicting advice to policymakers?
Wiki User
∙ 10y ago
Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish
Wiki User
∙ 14y ago
Wiki User
∙ 10y ago1. Each economist has his/personal view
2. Policymakers are choosing wrong economists. Actually they are choosing those who fit their agenda. We have 2 major parties and each party select economists who support their policies.
The first contributor has made some valid points. I'd like to elaborate on them to add more information to the answer. One reason economists disagree is that they look at an economic situation differently because they have differnet values. Speaking in economic terms, they may have different normative views about what policy should try to accomplish. As an example to this, they may have different views on whether taxes should be used to redistribute income.
Another reason why economists disagree is that they have different scientific judgements. Economists may disagree about the validity of alternative positive theories about how the world "operates". An example of this, they may differ in their views of the sensitivity of household savings to changes to after tax return to saving.
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