Backward‐oriented economics.
Nowadays, academic journals of high standing rarely accept a conceptual idea in a paper not instantly accompanied by econometric estimates. The idea would almost certainly get rejected. Empirical validation based on past statistical data has produced an unfortunate backward orientation in economics....
| Publicado en: | Kyklos Vol. 74; no. 2; pp. 187 - 196 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
May2021
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=149784314&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 149784314 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00235962 KYK jtl: Kyklos issn: 00235962 maglogo: Y pubinfo: dt: May2021 vid: 74 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 149784314 10.1111/kykl.12263 ppf: 187 ppct: 9 formats: fmt: – @attributes: type: T – @attributes: type: P size: 690KB tig: atl: Backward‐oriented economics. aug: au: Frey, Bruno S. affil: Permanent Visiting Professor, University of Basel, Peter‐Merian‐Weg 6, Basel, Switzerland CREMA, Center for Research in Economics, Management and the Arts, Südstrasse 11, Zurich, Switzerland su: Scholarly periodicals Economic policy Statistics sug: subj: Scholarly periodicals Economic policy Commercial Printing (except Screen and Books) Other printing Periodical Publishers Statistics ab: Nowadays, academic journals of high standing rarely accept a conceptual idea in a paper not instantly accompanied by econometric estimates. The idea would almost certainly get rejected. Empirical validation based on past statistical data has produced an unfortunate backward orientation in economics. While one can learn from the past, this approach fails when the underlying conditions strongly change. The paper suggests various possibilities to overcome the intense publication pressure in so‐called top journals and the overemphasis on instant empirical evidence. Academia is, however, unlikely to adapt. As economics is too backward oriented, other disciplines or cranks may well dominate future economic policy. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|