Reversing the Null: Regulation, Deregulation, and the Power of Ideas , by D. Moss
Paper of the Week 1
Reversing the Null: Regulation, Deregulation, and the Power of Ideas , by D. Moss can be found here.
“According to John Stuart Mill, in order to be confident on the validity of an idea one needs to be fluent in the arguments of his opinion adversary as well as in his own. Given that the ideas of economists could have profound influences on the ruling of the world, the economists should span the entire knowledge spectrum before pushing for a certain line of action.
The paper starts with an interesting brief review of the evolution of economic ideas in the last century. Professor Moss makes an important point that the current economic thinkers (both academic and professionals) should re-asses their intellectual curiosities from trying to find arguments against the markets or against the state intervention, towards the elements at which one extreme fares better than the other. ” Lucian Isar