Acknowledgments -- No, this is not a joke -- Why does theoretical economic literature exist? -- What allows "literature-only" theoretical discourse to exist? -- How the game is played -- The quest for honest truth in economic science -- The effects of electronic files, citation counts, and...

Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman's prediction has not come true. In Where Economics Went Wrong, David Colander and Craig Freedman argue that it never will....