Ideology, Economic Policy, and Economic History: Cohen and Delong's Concrete Economics

30 Pages Posted: 3 May 2018

See all articles by Alexander J. Field

Alexander J. Field

Santa Clara University - Leavey School of Business - Economics Department

Date Written: December 15, 2017

Abstract

Stephen S. Cohen and J. Bradford DeLong view US economic policy extending up to 1980 as pragmatically fostering growth. This they interpret as the Hamiltonian tradition, and their intent is to rescue policy debate from the data- and logic-free quagmire into which they believe it has fallen. Following an introduction, section 2 of this essay describes methods and evidence that permit statements about the historical influence of ideological thinking more empirically grounded than those essayed by the authors. Section 3 examines specific aspects of their narrative. Section 4 considers what we mean by ideological thinking, and why it might be deleterious.

Keywords: Ideology, Economic History, Economic Policy

JEL Classification: D72, E61, L52, N41, N42

Suggested Citation

Field, Alexander J., Ideology, Economic Policy, and Economic History: Cohen and Delong's Concrete Economics (December 15, 2017). Journal of Economic Literature, Vol. 55, No. 4, 2017, Available at SSRN: https://ssrn.com/abstract=3163880

Alexander J. Field (Contact Author)

Santa Clara University - Leavey School of Business - Economics Department ( email )

500 El Camino Real
Santa Clara, CA California 95053
United States
408 554 4348 (Phone)
408 554 2331 (Fax)

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