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What Use is Economic Theory?

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Author Info
Hal R. Varian (University of Michigan, Dept of Economics)

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Abstract

I examine how neoclassical economic theory is useful to the understanding of economic policy. I also describe what I view as the role of economic theory in economics. This talk was prepared for the conference ``Is Economics Becoming a Hard Science?'' 29--30 October, 1992, Paris, France.

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Publisher Info
Paper provided by EconWPA in its series Method and Hist of Econ Thought with number 9401001.

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Date of creation: 18 Jan 1994
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Handle: RePEc:wpa:wuwpmh:9401001

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B - Schools of Economic Thought and Methodology

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