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Die Krise der Wirtschaft: Auch eine Krise der Wirtschaftswissenschaften?

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  • Gebhard Kirchgassner

Abstract

Is the economic and financial crisis also a crisis of Economics? From different perspectives, today there is rather harsh criticism of Economics as a Social Science. In this paper, first, some of the recent failures of Economics are discussed. Then some of the criticisms are taken up that are less convincing, in particular criticisms of the application of the economic model of behaviour, the mathematisation of Economics and the principle of value freedom. The ap-propriate role of the government as well as of competition is discussed, and also which other consequences should be drawn for Economics as a science but also for economic policy. Fi-nally, we debate whether there is, besides the economic crisis, really as crisis of Economics as well.

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Paper provided by Center for Research in Economics, Management and the Arts (CREMA) in its series CREMA Working Paper Series with number 2009-15.

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Date of creation: Jul 2009
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Handle: RePEc:cra:wpaper:2009-15

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Keywords: Economic Crisis; Financial Crisis; Economic Theory; Role of the Govern-ment; Mathematics; Value Freedom; Pension System;

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References

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Cited by:
  1. Dürmeier, Thomas, 2012. "Wissenschaftlicher Pluralismus als Entdeckungsverfahren und das Monopol der Modellökonomik," Discussion Papers 30, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
  2. Kirchgässner, Gebhard, 2012. "Zur Rolle der Ökonometrie in der wissenschaftlichen Politikberatung," Economics Working Paper Series 1223, University of St. Gallen, School of Economics and Political Science.
  3. 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.
  4. Feld, Lars P. & Köhler, Ekkehard A., 2011. "Zur Zukunft der Ordnungsökonomik," Freiburg Discussion Papers on Constitutional Economics 11/2, Walter Eucken Institut e.V..
  5. Kirchgässner, Gebhard, 2011. "Wissenschaftlicher Fortschritt in den Wirtschaftswissenschaften: Einige Bemerkungen," Economics Working Paper Series 1116, University of St. Gallen, School of Economics and Political Science.
  6. Spahn, Peter, 2013. "Subprime and euro crisis: Should we blame the economists?," FZID Discussion Papers 83-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).

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