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SimonHorrobin
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The thing about dentists is there is an inherent conflict of interest. Keep the teeth on the edge of health and forward income is assured. Fix everything and bankruptcy ensues. Dentists avoid the moral hazard by being humble, offering maintenance and improvement, and swapping profit for the schadenfreude of inflicting pain and discomfort on paying customers.
Economists only do the latter.
Commented Nov 24, 2012 on Economists as dentists at Stumbling and Mumbling
Economists as dentists
Is the "crisis" in economics one of the content of the discipline, or rather of its social function? I ask because of a point made by Ronald Coase: The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate (hat tip to Paul). It's certainly un...
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Nov 24, 2012
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