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The Values and Value of Economists

Over the past two or three decades the advice of economists has been vigor ously sought after in problems of national and local policy. Both in the developed and underdeveloped worlds we have seen the emergence of this professional group as an influential force in the policy making apparatus of governments. Despite this ascendancy, e. g., the Joint Economic Committee of Congress, the President's Council of Economic Advisers, and the national prominence of individual economists, little seems to have been written about particular aspects of their professional training and dogma which qualify them as a group to pronounce on many critical facets of national policy. To question their qualifications may indeed appear a little strange to persons unfamiliar with how economists like to view their own role. When the economist looks in the mirror what he wants to see is a scientist, dispassionate and coldly objective, on the trail, not of full employment or price stability within the nation, but of his discipline, freed from any bothersome value judgments.