Cochran’s articles collected herein argue persuasively that economists have a moral obligation to provide policy recommendations that are consistent with a social agenda of fairness and opportunity. While many agree with Adam Smith that individuals are motivated by self-interest, it does not follow that any action or policy that promotes an individual’s self-interest is therefore worthwhile or beneficial from society’s perspective. Cochran makes an eloquent case that economists must identify instances in which government policy can and should be used to protect and promote society’s well-being.
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Published by University of North Texas Press