Economists and Public Policy

  • Ronald H. Coase


The large enterprise that I will be examining is the study of economics, and the performance that I will be appraising is not that of corporations but of my colleagues in the economics profession. The particular aspect of their work that I will be examining will be the part that economists play in the determination of public policy.


Public Policy Government Activity Perfect Competition Public Policy Issue American Economic Association 
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  1. 1.
    Milton Friedman, ‘The Methodology of Positive Economics’, in Essays in Positive Economics ( Chicago: University of Chicago Press, 1953 ), p. 5.Google Scholar
  2. 2.
    Edmund W. Kitch, ‘The Shortage of Natural Gas’, Occasional Paper of the University of Chicago Law School, no. 2 (Chicago, 1971 ).Google Scholar
  3. 4.
    Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, vol. 1 of The Glasgow Edition of the Works and Correspondence of Adam Smith, edited by R. H. Campbell and A. S. Skinner ( Oxford: Clarendon Press, 1976 ), p. 524.Google Scholar
  4. 18.
    Sam Peltzman, ‘An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments’, Journal of Political Economy (September-October 1973), p. 1049.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1999

Authors and Affiliations

  • Ronald H. Coase

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