Are Economists ‘Market Fundamentalists’?

2 Pages Posted: 24 Nov 2009  

Art Carden

Brock School of Business, Samford University

Mike Hammock

Middle Tennessee State University - Department of Economics and Finance

Abstract

We summarise Bryan Caplan's defence of economists from The Myth of the Rational Voter, in which he argues that economists undersell the benefits of markets. We also elaborate on his conclusions and discuss applications to specific topics, such as the minimum wage, as well as how Caplan's results might affect the way economics courses are taught.

Suggested Citation

Carden, Art and Hammock, Mike, Are Economists ‘Market Fundamentalists’?. Economic Affairs, Vol. 29, Issue 4, pp. 92-93, December 2009. Available at SSRN: https://ssrn.com/abstract=1512887 or http://dx.doi.org/10.1111/j.1468-0270.2009.01957.x

Art Carden (Contact Author)

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States

HOME PAGE: http://www.artcarden.com

Mike Hammock

Middle Tennessee State University - Department of Economics and Finance ( email )

Murfreesboro, TN 37132
United States

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