%0 Journal Article
%T A Little More Liberty: What the JEL Omits in Its Account of What the Economic Report of the President Omits
%A DANIEL B. KLEIN
%A MICHAEL J. CLARK
%J Econ Journal Watch
%D 2006
%I Institute of Spontaneous Order Economics
%X The classical liberal character of economics emerged in the eighteenth century, notably with Adam Smith¡¯s view that politics is prone to an under-appreciation the relative virtues of natural liberty. Smith centered political economy on the presumption of liberty. The Journal of Economic Literature published a review of The Economic Report of the President. Five authors writing separately raised numerous omissions in The Economic Report of the President. The authors do not suggest as worthy reform a single ERP-omitted potential liberalization. The review shows little trace of the Smithian character.
%K Economic Report of the President
%K Journal of Economic Literature
%K public policy
%K omission
%K status quo
%K presumption of liberty
%U http://www.econjournalwatch.org/pdf/KleinClarkCommentSeptember2006.pdf