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Does Economics have an Effect? Towards an Economics of Economics

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Author Info
Bruno S. Frey

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Abstract

Due to its formality and highly analytic thinking, economics is often attributed a leading role among the social sciences and a prominent position as contributor to economic or social issues in the real world. Fact is, however, that the empirical proof for such a claim is either missing or anecdotal. This paper aims to outline the “economics of economics”. It surveys and compares approaches of impact measurement such as a production function of economics or the demand and supply of trained economists and discusses the determinants of the strength of the influence of economics. It furthermore discriminates between the impact of economic ideas versus that of economists as scientists or politicians.

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Paper provided by Institute for Empirical Research in Economics - IEW in its series IEW - Working Papers with number iewwp036.

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Handle: RePEc:zur:iewwpx:036

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Related research
Keywords: Economics of Economics; Role of Economics; Role of Economists;

Find related papers by JEL classification:
A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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  1. Friedman, Milton, 1972. "Have Monetary Policies Failed?," American Economic Review, American Economic Association, vol. 62(2), pages 11-18, May. [Downloadable!] (restricted)
  2. Friedman, Milton, 1986. "Economists and Economic Policy," Economic Inquiry, Oxford University Press, vol. 24(1), pages 1-10, January.
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This page was last updated on 2009-10-22.

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