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The Tragic Science

How Economists Cause Harm
Summary:

The book critically examines the ethical challenges and consequences of economic policymaking, arguing that economists often inadvertently cause harm despite their intentions to improve societal welfare. It advocates for a professional ethic for economists to mitigate negative impacts and calls for greater humility and accountability in the field.

Key points:

1. Economists' Ethical Duty: Economists must realize their advice can harm some while helping others.

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