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The Suicide of Expertise – G. Patrick Lynch

Summary by Law & Liberty
“Compared to what?” That should be the first response of any economist worth his or her salt if asked to opine on a specific public policy. For example, should we err on the side of disease prevention and lockdown an entire country despite devastating social and economic consequences? Or should we live with the risk of the disease? That is what economics is supposed to do well: compare alternatives based on tradeoffs. Experts in various policy r…

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The Suicide of Expertise – G. Patrick Lynch

“Compared to what?” That should be the first response of any economist worth his or her salt if asked to opine on a specific public policy. For example, should we err on the side of disease prevention and lockdown an entire country despite devastating social and economic consequences? Or should we live with the risk of the disease? That is what economics is supposed to do well: compare alternatives based on tradeoffs. Experts in various policy r…

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Law & Liberty broke the news in on Friday, March 28, 2025.
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