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Kiel Institute Focus

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No. 26    November 6, 2014
by Dennis J. Snower

 

Competition and Cooperation – What Needs to Change in Economics

Are economists superfluous? Since the last financial crisis a debate has raged as to whether economists still have much relevant insight to offer citizens and politicians alike. Even German Chancellor Angela Merkel recently called upon economists at the meeting of Nobel laureates in Lindau to deliver more practical recommendations to policymakers and to revise their conceptual structure of what is described as economic success. Economics is now in the defensive, in a predicament of its own doing.

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Kiel Institute Focus

The Kiel Institute Focus Series presents papers on current economic policy topics. Their authors are solely responsible for their content and their views or any policy recommendations they may make do not necessarily represent the views or recommendations of the Institute.

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