Economic Science and Political Influence
AbstractWhen policymakers and private agents use models, the economists who design the model have an incentive to alter it in order to influence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze the role of measurement infrastructures such as national statistical institutes, the extent to which intellectual competition between different schools of thought may lead to polarization of views over some parameters and at the same time to consensus over other parameters, and finally how the attempt to preserve influence can lead to degenerative research programs.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7120.
Length: 44 pages
Date of creation: Dec 2012
Date of revision:
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Other versions of this item:
- Saint-Paul, Gilles, 2012. "Economic Science and Political Influence," TSE Working Papers 12-365, Toulouse School of Economics (TSE).
- Gilles Saint-Paul, 2012. "Economic Science and Political Influence," PSE Working Papers halshs-00759057, HAL.
- Saint-Paul, Gilles, 2012. "Economic Science and Political Influence," CEPR Discussion Papers 9263, C.E.P.R. Discussion Papers.
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-03 (All new papers)
- NEP-HPE-2013-02-03 (History & Philosophy of Economics)
- NEP-SOG-2013-02-03 (Sociology of Economics)
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.:
- Bos, Frits, 2011. "Three centuries of macro-economic statistics," MPRA Paper 35391, University Library of Munich, Germany.
- Olivier J. Blanchard, 2008.
"The State of Macro,"
NBER Working Papers
14259, National Bureau of Economic Research, Inc.
- Fudenberg, Drew & Levine, David K., 2009.
"Self-confirming Equilibrium and the Lucas Critique,"
4686412, Harvard University Department of Economics.
- Fudenberg, Drew & Levine, David K., 2009. "Self-confirming equilibrium and the Lucas critique," Journal of Economic Theory, Elsevier, vol. 144(6), pages 2354-2371, November.
- Drew Fudenberg & David K Levine, 2007. "Self Confirming Equilibrium and the Lucas Critique," Levine's Working Paper Archive 843644000000000022, David K. Levine.
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