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What's Worth Knowing? Economists' Opinions about Economics

Author

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  • 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
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    References listed on IDEAS

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    Cited by:

    1. Lundberg, Shelly, 2022. "Gender Economics: Dead-Ends and New Opportunities," IZA Discussion Papers 15217, Institute of Labor Economics (IZA).
    2. Felix Chopra & Ingar Haaland & Christopher Roth & Andreas Stegmann, 2023. "The Null Result Penalty," The Economic Journal, Royal Economic Society, vol. 134(657), pages 193-219.
    3. Ferrero, Andrea & Ambrocio, Gene & 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.

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    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

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