The Market, the Firm, and the Economics Profession.
The mathematical and statistical complexity of economic research increased remarkably over the past century. While criticisms of the trend abound, the “wisdom of crowds” argument creates a presumption that the profession's acceptance of increasing mathematical sophistication is a net improvement. I...
| Publicado en: | American Journal of Economics & Sociology Vol. 68; no. 5; pp. 1041 - 1062 |
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| Formato: | Artículo |
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Wiley-Blackwell
November 2009
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| 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=510925124&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510925124 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00029246 AES jtl: American Journal of Economics & Sociology issn: 00029246 maglogo: N pubinfo: dt: November 2009 vid: 68 iid: 5 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510925124 10.1111/j.1536-7150.2009.00652.x ppf: 1041 ppct: 21 formats: fmt: – @attributes: type: T – @attributes: type: P size: 9.1MB tig: atl: The Market, the Firm, and the Economics Profession. aug: au: Sutter, Daniel su: Economists Vocational guidance Economic research Mathematical economics sug: subj: Economists Vocational guidance Economic research Mathematical economics keyword: Economics as a profession ab: The mathematical and statistical complexity of economic research increased remarkably over the past century. While criticisms of the trend abound, the “wisdom of crowds” argument creates a presumption that the profession's acceptance of increasing mathematical sophistication is a net improvement. I provide a contrasting “market failure” argument for the excessive mathematization of economics. Academic research is not a cash-based economy, and this limits economists' ability to contract for assistance with technical research. Consequently, production of mathematical and statistical research must use the firm—the department—instead of the market. This alters the composition of the faculty and ultimately the economics curriculum, and the resulting level of sophistication may be greater than optimal. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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