Scholarly Comments on Academic Economics

A Little More Liberty: What the JEL Omits in Its Account of What the Economic Report of the President Omits

by

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.

in

Download this article

Volume (Issue)
Pages
466-483
Published
JEL classification
A11, H11
Keywords
Economic Report of the President, Journal of Economic Literature, public policy, omission, status quo, presumption of liberty
Downloads
4,584 article downloads
6,356 complete issue downloads
Total: 10,940

Discuss this article!