IDEAS home Printed from https://ideas.repec.org/p/hka/wpaper/2021-034.html
   My bibliography  Save this paper

What's Worth Knowing? Economists' Opinions about Economics

Author

Listed:
  • Peter Andre

    (University of Bonn)

  • Armin Falk

    (briq and the University of Bonn)

Abstract

We document economists, opinions about what is worth knowing and ask (i) which research objectives economic research should embrace and (ii) which topics it should study. Almost 10,000 economic researchers from all fields and ranks of the profession participated in our global survey. Detailed bibliometric data show that our sample represents the population of economic researchers who publish in English. We report three main findings. First, economists' opinions are vastly heterogeneous. Second, most researchers are dissatisfied with the status quo, in terms of both research topics and objectives. Third, on average, respondents think that economic research should become more policy-relevant, multidisciplinary, risky and disruptive, and pursue more diverse topics. We also find that dissatisfaction with the status quo is more prevalent among female scholars and associated with lower job satisfaction and higher stress levels. Taken together, the results suggest that economics as a field does not appreciate and work on what economists collectively prefer.

Suggested Citation

  • Peter Andre & Armin Falk, 2021. "What's Worth Knowing? Economists' Opinions about Economics," Working Papers 2021-034, Human Capital and Economic Opportunity Working Group.
    • Handle: RePEc:hka:wpaper:2021-034
    Note: IP
    as

    Download full text from publisher

    File URL: http://humcap.uchicago.edu/RePEc/hka/wpaper/Andre_Falk_2021_whats-worth-knowing.pdf
    File Function: First version, June 30, 2021
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Peter Andrebriq & Carlo Pizzinelli & Christopher Roth & Johannes Wohlfart, 2022. "Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(6), pages 2958-2991.
    2. David Card & Stefano DellaVigna & Patricia Funk & Nagore Iriberri, 2020. "Are Referees and Editors in Economics Gender Neutral?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(1), pages 269-327.
    3. Tatyana Avilova & Claudia Goldin, 2018. "What Can UWE Do for Economics?," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 186-190, May.
    4. Joshua Angrist & Pierre Azoulay & Glenn Ellison & Ryan Hill & Susan Feng Lu, 2017. "Economic Research Evolves: Fields and Styles," American Economic Review, American Economic Association, vol. 107(5), pages 293-297, May.
    5. Josh Angrist & Pierre Azoulay & Glenn Ellison & Ryan Hill & Susan Feng Lu, 2020. "Inside Job or Deep Impact? Extramural Citations and the Influence of Economic Scholarship," Journal of Economic Literature, American Economic Association, vol. 58(1), pages 3-52, March.
    6. Paul M. Romer, 2015. "Mathiness in the Theory of Economic Growth," American Economic Review, American Economic Association, vol. 105(5), pages 89-93, May.
    7. Anastasia Buyalskaya & Marcos Gallo & Colin F. Camerer, 2021. "The golden age of social science," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 118(5), pages 2002923118-, February.
    8. Heather Sarsons & Klarita Gërxhani & Ernesto Reuben & Arthur Schram, 2021. "Gender Differences in Recognition for Group Work," Journal of Political Economy, University of Chicago Press, vol. 129(1), pages 101-147.
    9. James J. Heckman & Sidharth Moktan, 2020. "Publishing and Promotion in Economics: The Tyranny of the Top Five," Journal of Economic Literature, American Economic Association, vol. 58(2), pages 419-470, June.
    10. Pascaline Dupas & Alicia Sasser Modestino & Muriel Niederle & Justin Wolfers & The Seminar Dynamics Collective, 2021. "Gender and the Dynamics of Economics Seminars," NBER Working Papers 28494, National Bureau of Economic Research, Inc.
    11. George A. Akerlof, 2020. "Sins of Omission and the Practice of Economics," Journal of Economic Literature, American Economic Association, vol. 58(2), pages 405-418, June.
    12. Bruno Frey, 2009. "Economists in the PITS?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(4), pages 335-346, December.
    13. David Colander, 2005. "The Making of an Economist Redux," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 175-198, Winter.
    14. Shelly Lundberg & Jenna Stearns, 2019. "Women in Economics: Stalled Progress," Journal of Economic Perspectives, American Economic Association, vol. 33(1), pages 3-22, Winter.
    15. Robert J. Shiller & Virginia M. Shiller, 2011. "Economists as Worldly Philosophers," American Economic Review, American Economic Association, vol. 101(3), pages 171-175, May.
    16. Daniel S. Hamermesh, 2013. "Six Decades of Top Economics Publishing: Who and How?," Journal of Economic Literature, American Economic Association, vol. 51(1), pages 162-172, March.
    17. Claudia Goldin & Lawrence F. Katz, 2024. "The Incubator of Human Capital: The NBER and the Rise of the Human Capital Paradigm," NBER Chapters, in: The Economic History of American Inequality: New Evidence and Perspectives, National Bureau of Economic Research, Inc.
    18. Paola Sapienza & Luigi Zingales, 2013. "Economic Experts versus Average Americans," American Economic Review, American Economic Association, vol. 103(3), pages 636-642, May.
    19. Hausman,Daniel M., 2008. "The Philosophy of Economics," Cambridge Books, Cambridge University Press, number 9780521883504, October.
    20. Amanda Bayer & Cecilia Elena Rouse, 2016. "Diversity in the Economics Profession: A New Attack on an Old Problem," Journal of Economic Perspectives, American Economic Association, vol. 30(4), pages 221-242, Fall.
    21. Kasey Buckles, 2019. "Fixing the Leaky Pipeline: Strategies for Making Economics Work for Women at Every Stage," Journal of Economic Perspectives, American Economic Association, vol. 33(1), pages 43-60, Winter.
    22. David Card & Stefano DellaVigna, 2013. "Nine Facts about Top Journals in Economics," Journal of Economic Literature, American Economic Association, vol. 51(1), pages 144-161, March.
    23. Janet Currie & Henrik Kleven & Esmée Zwiers, 2020. "Technology and Big Data Are Changing Economics: Mining Text to Track Methods," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 42-48, May.
    24. Valentin Bolotnyy & Matthew Basilico & Paul Barreira, 2022. "Graduate Student Mental Health: Lessons from American Economics Departments," Journal of Economic Literature, American Economic Association, vol. 60(4), pages 1188-1222, December.
    25. Pierre Azoulay & Christian Fons-Rosen & Joshua S. Graff Zivin, 2019. "Does Science Advance One Funeral at a Time?," American Economic Review, American Economic Association, vol. 109(8), pages 2889-2920, August.
    26. Nicholas Swanson & Garret Christensen & Rebecca Littman & David Birke & Edward Miguel & Elizabeth Levy Paluck & Zenan Wang, 2020. "Research Transparency Is on the Rise in Economics," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 61-65, May.
    27. Osterloh, Margit & Frey, Bruno S., 2020. "How to avoid borrowed plumes in academia," Research Policy, Elsevier, vol. 49(1).
    28. Hausman,Daniel M., 2008. "The Philosophy of Economics," Cambridge Books, Cambridge University Press, number 9780521709842, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Felix Chopra & Ingar Haaland & Christopher Roth & Andreas Stegmann, 2024. "The Null Result Penalty," The Economic Journal, Royal Economic Society, vol. 134(657), pages 193-219.
    2. Ambrocio, Gene & Ferrero, Andrea & Jokivuolle, Esa & Ristolainen, Kim, 2022. "What Should the Inflation Target Be? Views from 600 Economists," CEPR Discussion Papers 17289, C.E.P.R. Discussion Papers.
    3. Shelly Lundberg, 2023. "Gender Economics: Dead-Ends and New Opportunities," Research in Labor Economics, in: 50th Celebratory Volume, volume 50, pages 151-189, Emerald Group Publishing Limited.
    4. Drews, Stefan & Savin, Ivan & van den Bergh, Jeroen, 2024. "A Global Survey of Scientific Consensus and Controversy on Instruments of Climate Policy," Ecological Economics, Elsevier, vol. 218(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Syed Hasan & Robert Breunig, 2021. "Article length and citation outcomes," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 7583-7608, September.
    2. Rebecca Cassells & Leonora Risse & Danielle Wood & Duygu Yengin, 2023. "Lifting Diversity and Inclusion in Economics: How the Australian Women in Economics Network Put the Evidence into Action," Economic Papers, The Economic Society of Australia, vol. 42(1), pages 1-29, March.
    3. Jaque Herrera, Gabriela & Cárdenas-Retamal, Roberto & Barrales Henriquez, Daniel, 2022. "Tendencias en Publicaciones en Revistas Chilenas de Economía," Documentos de Trabajo 12, Estudios Nueva Economía.
    4. Biermann, Marcus, 2024. "Remote talks: Changes to economics seminars during COVID-19," European Economic Review, Elsevier, vol. 163(C).
    5. Fabian Scheidegger & Andre Briviba & Bruno S. Frey, 2023. "Behind the curtains of academic publishing: strategic responses of economists and business scholars," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(8), pages 4765-4790, August.
    6. Amarante, Veronica & Zurbrigg, Julieta, 2022. "The marginalization of southern researchers in Development," World Development Perspectives, Elsevier, vol. 26(C).
    7. John Gibson, 2021. "The micro‐geography of academic research: How distinctive is economics?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(4), pages 467-484, September.
    8. J. Ignacio Conde-Ruiz & Juan-José Ganuza & Manu García & Luis A. Puch, 2021. "Gender Distribution across Topics in Top 5 Economics Journals: A Machine Learning Approach," Working Papers 1241, Barcelona School of Economics.
    9. Emily C. Marshall & Brian O’Roark, 2023. "Journal Authorship by Gender: A Comparison of Economic Education, General Interest, and Fields From 2009 to 2019," The American Economist, Sage Publications, vol. 68(1), pages 100-109, March.
    10. Ali Sina Önder & Sergey V. Popov & Sascha Schweitzer, 2021. "Leadership in Scholarship: Editors’ Appointments and the Profession’s Narrative," Working Papers in Economics & Finance 2021-05, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    11. Koffi, Marlene, 2021. "Innovative ideas and gender inequality," CLEF Working Paper Series 35, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    12. Mila Getmansky Sherman & Heather E. Tookes, 2022. "Female Representation in the Academic Finance Profession," Journal of Finance, American Finance Association, vol. 77(1), pages 317-365, February.
    13. Fernandes, Mario & Hilber, Simon & Sturm, Jan-Egbert & Walter, Andreas, 2023. "Closing the gender gap in academia? Evidence from an affirmative action program," Research Policy, Elsevier, vol. 52(9).
    14. J. Ignacio Conde-Ruiz & Juan-José Ganuza & Manu García & Luis A. Puch, 2022. "Gender distribution across topics in the top five economics journals: a machine learning approach," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 269-308, May.
    15. Dennis Wesselbaum, 2023. "Understanding the Drivers of the Gender Productivity Gap in the Economics Profession," The American Economist, Sage Publications, vol. 68(1), pages 61-73, March.
    16. Andrew Hussey & Sheena Murray & Wendy Stock, 2022. "Gender, coauthorship, and academic outcomes in economics," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 465-484, April.
    17. Gauri Kartini Shastry & Olga Shurchkov, 2024. "Reject or revise: Gender differences in persistence and publishing in economics," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 933-956, July.
    18. Cloos, Janis & Greiff, Matthias & Rusch, Hannes, 2020. "Geographical Concentration and Editorial Favoritism within the Field of Laboratory Experimental Economics (RM/19/029-revised-)," Research Memorandum 014, Maastricht University, Graduate School of Business and Economics (GSBE).
    19. Verónica Amarante & Marisa Bucheli & María Inés Moraes & Tatiana Pérez, 2021. "Women in Research in Economics in Uruguay," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 40(84), pages 763-790, October.
    20. Baltrunaite, Audinga & Casarico, Alessandra & Rizzica, Lucia, 2022. "Women in economics: the role of gendered references at entry in the profession," CEPR Discussion Papers 17474, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    economic research; research objectives; research topics; satisfaction; policy-relevance; multidisciplinarity; diversity;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hka:wpaper:2021-034. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jennifer Pachon (email available below). General contact details of provider: https://edirc.repec.org/data/mfichus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.