Where Economics Went Wrong

Explore how economics abandoned its classical liberal roots and became a flawed science. In Where Economics Went Wrong, authors David Colander and Craig Freedman examine why economic policy is an art and a craft, rather than a science that can provide unequivocal answers. By analyzing the failed predictions of Milton Friedman, the authors make the case that value and context must be included in policy analyses. They trace the roots of liberal economics and describe how the discipline lost its bearings by becoming overly focused on mathematical models. Where Economics Went Wrong offers a compelling argument for a more nuanced and self-aware approach to economic policy analysis.