Fashion Cycles in Economics
AbstractWe criticize an American Economic Review article that presents itself as a theory of design innovation and fashion cycles. Scrutinizing the model and surrounding prose, we suggest that the article does not make clear what it is that it purports to explain, and that the story of the model fails minimal requirements of factual relevance and intuitiveness. Our broader message is that many â€œtheoryâ€ papers are best regarded as mere model-building, a genre of creative writing masquerading as science.
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Bibliographic InfoArticle provided by Econ Journal Watch in its journal Econ Journal Watch.
Volume (Year): 1 (2004)
Issue (Month): 3 (December)
Fashion cycle; design; relevance; theory;
Find related papers by JEL classification:
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
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