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Economic Imperialism

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  • Edward P. Lazear

Abstract

Economics is not only a social science, it is a genuine science. Like the physical sciences, economics uses a methodology that produces refutable implications and tests these implications using solid statistical techniques. In particular, economics stresses three factors that distinguish it from other social sciences. Economists use the construct of rational individuals who engage in maximizing behavior. Economic models adhere strictly to the importance of equilibrium as part of any theory. Finally, a focus on efficiency leads economists to ask questions that other social sciences ignore. These ingredients have allowed economics to invade intellectual territory that was previously deemed to be outside the discipline's realm.

Suggested Citation

  • Edward P. Lazear, 1999. "Economic Imperialism," NBER Working Papers 7300, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:7300
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    File URL: http://www.nber.org/papers/w7300.pdf
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    References listed on IDEAS

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    Cited by:

    1. Fine, B., 2000. "Bringing the Social Back into Economies: Progress or Reductionism?," Department of Economics - Working Papers Series 731, The University of Melbourne.
    2. Cléo Chassonnery-Zaïgouche, 2015. "Crossing Boundaries, Displacing Previous Knowledge and Claiming Superiority: Is the Economics of Discrimination a Conquest of Economics Imperialism?," STOREPapers 5_2015, Associazione Italiana per la Storia dell'Economia Politica - StorEP.
    3. Hubert Van Tuyll & Jurgen Brauer, 2003. "Colonizing military history: A millennial view on the economics of war," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(3), pages 155-173.
    4. Gonzalo Vargas Forero, 2002. "Hacia una teoría del capital social," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(6), pages 71-108, January-J.

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