Synopsis
Allan Schmid's book is well-illustrated by examples . . . has a superb bibliography . . . [and] is a carefully detailed and extremely convincing attack on the normative pretensions of what I am tempted to call vulgar neoclassical economics, and even on the more elegant hidden valuations of welfare economics and public choice economics. . . . It is an important contribution to the theory of normative economics and to grants economics.
Kenneth Boulding, The Journal of Economic Issues
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About the Author
A. ALLAN SCHMID is professor of agricultural economics and resource development at Michigan State University in East Lansing.
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