Public Policy and Economic Theory

Does economic theory improve the basis for economic policy decisions? This question is considered by internationally well-known scholars who, within their field of expertise, address the connection between economic theory and public policy. Each paper is followed by comments from two experts to highlight the spectra of views on public policy and economic theory.The topics include: Open Macroeocnomics, Business Cycle Theory, Political Economy, Welfare and Public Economics, Labor Economics, International Trade, Institutional Economics, Development Economics, Environmental Economics, Econometrics and Mathematical Economics. This anniversary issue celebrates SJE's role as a distinguished journal with special relevance for public policy issues and continues a long tradition of publishing special issues in fields of current interest within both theory and policy.