Z:gnu-www-ja-frank--8cce47-In an essay written in 1879, F/en

In an essay written in 1879, Francis Amasa Walker tried to explain &ldquo;why economists tend to be in bad odor amongst real people.&rdquo; Walker, who went on to become the first president of the American Economic Association, argued that it was partly because economists disregard &ldquo;&hellip;the customs and beliefs that tie individuals to their occupations and locations and lead them to act in ways contrary to the predictions of economic theory.&rdquo;