Economics of Science - A Hope or a Pitfall?
The paper poses the question whether the economics of science could be the key to economic methodology. First, the sociology of science, which tries to put science in social context, is described. Then, the economic approach to science, inspired by Tullock, Stigler and Becker, is explained. We point out the problem of circle, according to which putting science in context does not imply relativism as concerns the truth. This conclusion underlines the Popperian message of the paper.
Volume (Year): 2012 (2012)
Issue (Month): 4 ()
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References listed on IDEAS
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- Arthur Diamond, 2005. "Measurement, incentives and constraintsin Stigler's economics of science," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 12(4), pages 635-661.
- William A. Brock & Steven N. Durlauf, 1997.
"A Formal Model of Theory Choice in Science,"
Research in Economics
97-04-031e, Santa Fe Institute.
- Hands, Douglas W., 1985. "Karl Popper and Economic Methodology: A New Look," Economics and Philosophy, Cambridge University Press, vol. 1(01), pages 83-99, April.
- David M. Blank & George J. Stigler, 1957. "The Demand and Supply of Scientific Personnel," NBER Books, National Bureau of Economic Research, Inc, number blan57-1, October.
- Rosenberg, Alexander, 1988. "Economics is Too Important to Be Left to the Rhetoricians," Economics and Philosophy, Cambridge University Press, vol. 4(01), pages 129-149, April.
- Paula E. Stephan, 1996. "The Economics of Science," Journal of Economic Literature, American Economic Association, vol. 34(3), pages 1199-1235, September.
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