Book DescriptionEconomic Policy under Uncertainty maintains that the question of truth and accountability has not received particular attention in the literature on economic methodology. It goes on to argue that pragmatic theories relate concepts of truth to the beliefs, thoughts and intentional actions of individuals, blurring the relationship between theory and practice. Focusing on the conditions that make it possible to consider economic policy advice a reliable basis for action and at the same timejustifiable in a broad public discourse, the contributors address the difficulties faced by economic policy makers when basing policy decisions on economic advice. They avoid dualistic alternatives between truth-oriented academic theory and economic policy practice and remove the epistemic privilege for academic economists. The question of how economists can be made accountable for policies made as a result of their counsel is also examined. Exploring real-world difficulties...

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