Economic Science and Political Influence
AbstractWhen policymakers and private agents use models, the economists who de- sign the model have an incentive to alter it in order infuence 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 mea- surement infrastructures such as national statisticall institutes, the extent to which intellectual competition between di¤erent 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 Toulouse School of Economics (TSE) in its series TSE Working Papers with number 12-365.
Date of creation: 27 Nov 2012
Date of revision:
Ideology; Macroeconomics modelling; Self-confirming equilibria; Polarization; Autocoherent Models; Intellectual Competition; Degenerative Research programs; Identification.;
Other versions of this item:
- 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.
- Saint-Paul, Gilles, 2012. "Economic Science and Political Influence," IZA Discussion Papers 7120, Institute for the Study of Labor (IZA).
- 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
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- Olivier J. Blanchard, 2008.
"The State of Macro,"
NBER Working Papers
14259, National Bureau of Economic Research, Inc.
- Bos, Frits, 2011. "Three centuries of macro-economic statistics," MPRA Paper 35391, University Library of Munich, Germany.
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