Economics has never been, nor could it ever be, free of value judgments. The economy is not isolated from the rest of society, cordoned off from the lively world of competing beliefs. Rather, questions of the organization of the economy, and of the economic policies to be pursued, are interwoven with other social concerns and public policy in general. Economists often lose sight of the altogether interconnected nature of the economic and the non-economic. The illusion of neutrality is reinforced by the radical simplification that often characterizes economic methods; in striving to make economic problems tractable for mathematical representation, inherent ethical considerations are obscured.
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|Robert H. Nelson is a Senior Fellow at the Independent Institute and author of the latest book, The New Holy Wars: Economic Religion vs. Environmental Religion in Contemporary America. He is also of Environmental Policy in the School of Public Policy at the University of Maryland. He received his Ph.D. in economics from Princeton University, and he has been Staff Economist for the U.S. Senate Select Committee on Indian Affairs; Visiting Senior Fellow, Woods Hole Oceanographic Institution; Member of Economics Staff, Office of Policy Analysis, U.S. Department of the Interior; Federal Executive Fellow at the Brookings Institution; Chairman of Interior Department Task Force on Indian Economic Development; and Staff Economist, Twentieth Century Fund.|