I recognize that knowledge is valuable in and of itself, but it's always nice if the research also does good for the world as a by-product.
What do you think are the contributions that economics has made in improving people's lives? What are the pieces of knowledge that, if not discovered by economists, would result in a degradation in people's quality of life?
1. Repeal of the corn laws.
2. Great depression recovery policies
3. We won WWII
4. Bretton woods
5. Deregulation of the wartime solutions beginning in the 1970's (floating exchange rates, end of Bretton woods)
6. Financial reforms and pricing leading to greater efficiencies
7. Spectrum auctions
8. Organ exchanges, e.g. Kidney exchanges
There have been some noticeable failures as well, due to suggestions by economists not being adopted.
Developing life saving kidney markets
Can you elaborate, if you are not trolling
Can you type "kidney markets" in your browser, and hit <RETURN>?
Are are you simply too phukwitted?I thought economists don't regard health economics as economics? But okay.
Kidney and other organ exchange markets weren't developed by health economists but by micro-theorists.
Economics will be replaced by DSNo it won't. Data scientists are just sociologists who know how to use a computer.
And economists are sociologists who don't know how to use a computer. Seems like economists are strictly dominated
You seem to have no idea about economics or economists.
3. We won WWII
I don’t think economists can take credit for that lmao
Two books have been written on this topic by historians arguing that in fact economists can take credit for this.
Name the books
https://www.amazon.com/Keep-All-Thoughtful-Men-Economists/dp/1591144914/
https://www.amazon.com/Economists-War-Handful-Helped-World/dp/0198846002/
There are some others as well.