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Fashion Cycles in Economics

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Author Info
Philip R.P. Coelho () (Ball State University)
Daniel B Klein () (Santa Clara University)
James E McClure () (Ball State University)

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Abstract

We 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 “theory” papers are best regarded as mere model-building, a genre of creative writing masquerading as science.

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Publisher Info
Article provided by Atlas Economic Research Foundation in its journal Econ Journal Watch.

Volume (Year): 1 (2004)
Issue (Month): 3 (December)
Pages: 437-454
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Handle: RePEc:ejw:volone:437-454

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Related research
Keywords: Fashion cycle; design; relevance; theory;

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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

References listed on IDEAS
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.:

  1. Baumol, William J, 1990. "Sir John versus the Hicksians, or Theorist Malgre Lui?," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1708-15, December. [Downloadable!] (restricted)
  2. William L Davis, 2004. "Preference Falsification in the Economics Profession," Econ Journal Watch, Atlas Economic Research Foundation, vol. 1(2), pages 359-368, August. [Downloadable!]
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Cited by:
(explanations, 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.)

  1. Philip R. P. Coelho & Daniel B. Klein & James E. McCure, 2005. "Rejoinder to Pesendorfer," Econ Journal Watch, Atlas Economic Research Foundation, vol. 2(1), pages 32-41, April. [Downloadable!]
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This page was last updated on 2009-11-20.


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