(Why) are economists different?
AbstractAfter presenting some casual evidence about the difference between economists and the rest of the population, first the survey and experimental evidence which has been presented on this topic during the last 20 years is discussed. But can these results really be transferred to real world situations? To show this, examples of referenda results in Switzerland are presented where the citizens decided against recommendations of most economists. But what is so particular in economic theory that causes these different convictions? Some explanations are given with respect to positive economic theory and with respect to the normative convictions of economists. The paper concludes with possible consequences which economists might draw.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Political Economy.
Volume (Year): 21 (2005)
Issue (Month): 3 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505544
Other versions of this item:
- Gebhard Kirchgässner, 2004. "(Why) Are Economists Different?," University of St. Gallen Department of Economics working paper series 2004 2004-18, Department of Economics, University of St. Gallen.
- Gebhard Kirchgässner, 2005. "(Why) Are Economists Different?," CESifo Working Paper Series 1396, CESifo Group Munich.
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ernst Fehr & Simon Gaechter, .
"Fairness and Retaliation: The Economics of Reciprocitys,"
IEW - Working Papers
040, Institute for Empirical Research in Economics - University of Zurich.
- Ernst Fehr & Simon G�chter, 2000. "Fairness and Retaliation: The Economics of Reciprocity," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 159-181, Summer.
- Ernst Fehr & Simon Gaechter, 2000. "Fairness and Retaliation: The Economics of Reciprocity," CESifo Working Paper Series 336, CESifo Group Munich.
- Scheinkman, Jose A. & Soutter, Christine L. & Glaeser, Edward Ludwig & Laibson, David I., 2000.
4481497, Harvard University Department of Economics.
- Fehr, Ernst & Schmidt, Klaus M., 1998.
"A Theory of Fairness, Competition and Cooperation,"
CEPR Discussion Papers
1812, C.E.P.R. Discussion Papers.
- Ernst Fehr & Klaus M. Schmidt, 1999. "A Theory Of Fairness, Competition, And Cooperation," The Quarterly Journal of Economics, MIT Press, vol. 114(3), pages 817-868, August.
- Robert H. Frank & Thomas Gilovich & Dennis T. Regan, 1993. "Does Studying Economics Inhibit Cooperation?," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 159-171, Spring.
- Haucap, Justus, 2003.
"Not guilty? Another look at the nature and nurture of economics students,"
10, Deutsche Bank Research.
- Haucap, Justus & Just, Tobias, 2003. "Not Guilty? Another Look at the Nature and Nurture of Economics Students," Working Paper 8/2003, Helmut Schmidt University, Hamburg.
- Frank, Bjorn & Schulze, Gunther G., 2000. "Does economics make citizens corrupt?," Journal of Economic Behavior & Organization, Elsevier, vol. 43(1), pages 101-113, September.
- Eliakim Katz & Jacob Rosenberg, 1989. "Rent-seeking for budgetary allocation: Preliminary results for 20 countries," Public Choice, Springer, vol. 60(2), pages 133-144, February.
- Feld, Lars P & Tyran, Jean-Robert, 2002. "Tax Evasion and Voting: An Experimental Analysis," Kyklos, Wiley Blackwell, vol. 55(2), pages 197-222.
- Kliemt, Hartmut, 1986. "The veil of insignificance," European Journal of Political Economy, Elsevier, vol. 2(3), pages 333-344.
- Marwell, Gerald & Ames, Ruth E., 1981. "Economists free ride, does anyone else? : Experiments on the provision of public goods, IV," Journal of Public Economics, Elsevier, vol. 15(3), pages 295-310, June.
- Robert H. Frank & Thomas D. Gilovich & Dennis T. Regan, 1996. "Do Economists Make Bad Citizens?," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 187-192, Winter.
- Stephen Meier & Bruno Frey, 2004.
"Do Business Students Make Good Citizens?,"
International Journal of the Economics of Business,
Taylor and Francis Journals, vol. 11(2), pages 141-163.
- Kearl, J R, et al, 1979. "A Confusion of Economists?," American Economic Review, American Economic Association, vol. 69(2), pages 28-37, May.
- John R. Carter & Michael D. Irons, 1991. "Are Economists Different, and If So, Why?," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 171-177, Spring.
- Lars P Feld & Gebhard Kirchgässner, 2001. "The political economy of direct legislation: direct democracy and local decision-making," Economic Policy, CEPR & CES & MSH, vol. 16(33), pages 329-367, October.
- Bruno S. Frey & Stephan Meier, 2003. "Are Political Economists Selfish and Indoctrinated? Evidence from a Natural Experiment," Economic Inquiry, Western Economic Association International, vol. 41(3), pages 448-462, July.
- Frey, Bruno S, 1986. "Economists Favour the Price System--Who Else Does?," Kyklos, Wiley Blackwell, vol. 39(4), pages 537-63.
- White, Mark D., 2004. "Can homo economicus follow Kant's categorical imperative?," The Journal of Socio-Economics, Elsevier, vol. 33(1), pages 89-106, March.
- Anthony M. Yezer & Robert S. Goldfarb & Paul J. Poppen, 1996. "Does Studying Economics Discourage Cooperation? Watch What We Do, Not What We Say or How We Play," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 177-186, Winter.
- Gebhard Kirchgässner & Tobias Schulz, 2005. "Expected Closeness or Mobilisation: Why Do Voters Go to the Polls? Empirical Results for Switzerland, 1981 – 1999," CESifo Working Paper Series 1387, CESifo Group Munich.
- Tom Coupé, 2004. "What Do We Know about Ourselves? on the Economics of Economics," Kyklos, Wiley Blackwell, vol. 57(2), pages 197-215, 05.
- James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62, pages 334.
- repec:feb:natura:0050 is not listed on IDEAS
- Fehr, Ernst & Gachter, Simon, 1998. "Reciprocity and economics: The economic implications of Homo Reciprocans1," European Economic Review, Elsevier, vol. 42(3-5), pages 845-859, May.
- Bryan Caplan, 2002. "Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy," Economic Journal, Royal Economic Society, vol. 112(479), pages 433-458, April.
- Edgeworth, Francis Ysidro, 1881. "Mathematical Psychics," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number edgeworth1881.
- Gandal, Neil & Roccas, Sonia & Sagiv, Lilach & Wrzesniewski, Amy, 2004. "Personal Value Priorities of Economists," CEPR Discussion Papers 4655, C.E.P.R. Discussion Papers.
- Kirchgassner, Gebhard, 1992. "Towards a theory of low-cost decisions," European Journal of Political Economy, Elsevier, vol. 8(2), pages 305-320, May.
- Gebhard Kirchgässner, 2005.
"The Weak Rationality Principle in Economics,"
CESifo Working Paper Series
1410, CESifo Group Munich.
- Gebhard Kirchgässner, 2004. "The Weak Rationality Principle in Economics," University of St. Gallen Department of Economics working paper series 2004 2004-13, Department of Economics, University of St. Gallen.
- Frey, Bruno S. & Pommerehne, Werner W., 1993. "On the fairness of pricing -- An empirical survey among the general population," Journal of Economic Behavior & Organization, Elsevier, vol. 20(3), pages 295-307, April.
- Frey, Bruno S, et al, 1984. "Consensus and Dissension among Economists: An Empirical Inquiry," American Economic Review, American Economic Association, vol. 74(5), pages 986-94, December.
- Blais, Andre & Young, Robert, 1999. " Why Do People Vote? An Experiment in Rationality," Public Choice, Springer, vol. 99(1-2), pages 39-55, April.
- Selten, Reinhard & Ockenfels, Axel, 1998. "An experimental solidarity game," Journal of Economic Behavior & Organization, Elsevier, vol. 34(4), pages 517-539, March.
- Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard, 1986. "Fairness as a Constraint on Profit Seeking: Entitlements in the Market," American Economic Review, American Economic Association, vol. 76(4), pages 728-41, September.
- Gebhard Kirchgässner, 2011.
"Kaderschmieden der Wirtschaft und/oder Universitäten? Der Auftrag der Wirtschaftsuniversitäten und –fakultäten im 21. Jahrhundert,"
Perspektiven der Wirtschaftspolitik,
Verein für Socialpolitik, vol. 12(3), pages 317-337, 08.
- Kirchgässner, Gebhard, 2011. "Kaderschmieden der Wirtschaft und/oder Universitäten? Der Auftrag der Wirtschaftsuniversitäten und -fakultäten im 21. Jahrhundert," Economics Working Paper Series 1107, University of St. Gallen, School of Economics and Political Science.
- Enrico Giovannini, 2008. "Statistics and Politics in a “Knowledge Society”," Social Indicators Research, Springer, vol. 86(2), pages 177-200, April.
- Roland Cheo, 2006. "Teaching Contingent Valuation and Promoting Civic Mindedness in the Process," International Review of Economic Education, Economics Network, University of Bristol, vol. 5(2), pages 81-97.
- Nelson, Douglas, 2006. "The political economy of antidumping: A survey," European Journal of Political Economy, Elsevier, vol. 22(3), pages 554-590, September.
- Amélie Goossens & Pierre-Guillaume Méon, 2010. "The impact of studying economics, and other disciplines, on the belief that voluntary exchange makes everyone better off," Working Papers CEB 10-012.RS, ULB -- Universite Libre de Bruxelles.
- Hillman, Arye L., 2010. "Expressive behavior in economics and politics," European Journal of Political Economy, Elsevier, vol. 26(4), pages 403-418, December.
- Zaman, Asad, 2008. "Islamic Economics: A Survey of the Literature," MPRA Paper 11024, University Library of Munich, Germany.
- Jacob, Robert & Christandl, Fabian & Fetchenhauer, Detlef, 2011. "Economic experts or laypeople? How teachers and journalists judge trade and immigration policies," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 662-671.
- Ruske, René & Suttner, Johannes, 2012. "Wie (un-)fair sind Ökonomen? Neue empirische Evidenz zur Marktbewertung und Rationalität," CIW Discussion Papers 03/2012, University of Münster, Center for Interdisciplinary Economics (CIW).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.