In 1983 University of Chicago economist George Stigler proclaimed “The economist doesn’t need ethics; only arithmetic. His task is to clear up social mistakes.” In this eleventh and final lecture in INET’s “How and How Not to Do Economics,” Robert Skidelsky takes a different view of ethics’ place in economics.
INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.
For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University. Known best for helping to shape critical discourse around healthcare markets, his biting wit and intellect challenged students, colleagues, and policymakers alike to follow the data and to check all assumptions at the door.
INET also thanks Rethinking Economics for their voices and contributions.