Professor, Lord John Eatwell
President of Queens’ College Cambridge
It might be expected that economists would disagree because of different interpretations of empirical evidence, or perhaps because of ideological predisposition.
Lord John Eatwell argues that there is a deeper reason why economics is such a contentious subject: the theoretical propositions that form the core of every economists thinking. Whilst it might be thought that the corpus of economic theory is a strength, distinguishing economics from other social sciences, Lord John Eatwell suggests that it is a weakness - a weakness that translates into policy incoherence.