Economics and Public Policy

Economics and Public Policy

Economics and Public Policy

Economics and Public Policy

Excerpt

The Brookings Lectures were inaugurated in 1954 to advance research in the social sciences. For this initial series, six distinguished economists were invited to discuss various aspects of policy as a concern of economics. The audience consisted mainly of social scientists in government, in neighboring institutions, and from the Brookings staff.

The theme of these lectures relates directly to the objectives of the Brookings Institution, which are to advance knowledge and understanding of economic and political problems, both national and international, and of the courses of action that may be pursued in dealing with them. The purpose of the Institution in advancing knowledge and understanding is to facilitate the making of informed decisions in the public interest on matters of general concern.

This emphasis on research for the guidance of action involves considerably more than a concern with immediate problems and the application of existing knowledge. Although the investigation of current problems must go on, the larger task is to advance the use of the social sciences in the rational conduct of social affairs.

Economic analysis has come to have an important influence on policy and the daily conduct of affairs. The use of economics in analyzing problems for decision can be greatly improved by (a) a better understanding of economics and its application to policy problems, (b) improvements in economic concepts, theories, and methods, (c) improvements in the arts of research for the guidance of action, and (d) a better understanding of contemporary social processes by both professional students and the general public. By advances of this sort, the potential benefits of ecoonmic analysis may be more fully realized.

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.