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(Why) Are Economists Different?

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  • Gebhard Kirchgässner

Abstract

After presenting some casual evidence about the difference between economists and the rest of the population, first the survey and experimental evidence which has been presented on this topic during the last 20 years is discussed. But can these results really be transferred to real world situations? To show this, examples of referenda results in Switzerland are presented where the citizens decided against recommendations of most economists. But what is so particular in economic theory that causes these different convictions? Some explanations are given with respect to positive economic theory and with respect to the normative convictions of economists. The paper concludes with possible consequences which economists might draw. Nachdem an Fallbeispielen Unterschiede in den Auffassungen von Ökonomen einerseits und dem Rest der Bevölkerung andererseits aufgezeigt wurde, wird zunächst die empirische Evidenz zu diesem Faktum aus Umfragen und Experimenten zusammengefasst. Wie weit sind diese Ergebnisse auf Situationen realen Handelns übertragbar? Um dies zu zeigen, wird auf Ergebnisse von Referenden verwiesen, in welchen sich die Bürger entgegen den Empfehlungen fast aller Ökonomen entschieden haben. Dann wird gezeigt, welche Eigenheiten der (positiven) ökonomischen Theorie wie der normativen Überzeugungen der (meisten) Ökonomen zu diesen Unterschieden führen. Die Arbeit schliesst mit Hinweisen zu Konsequenzen, zu denen sich Ökonomen in dieser Situation veranlasst sehen könnten.

Suggested Citation

  • Gebhard Kirchgässner, 2004. "(Why) Are Economists Different?," University of St. Gallen Department of Economics working paper series 2004 2004-18, Department of Economics, University of St. Gallen.
  • Handle: RePEc:usg:dp2004:2004-18
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    2. Amélie Goossens & Pierre-Guillaume Méon, 2010. "The impact of studying economics, and other disciplines, on the belief that voluntary exchange makes everyone better off," Working Papers CEB 10-012.RS, ULB -- Universite Libre de Bruxelles.
    3. Asad Zaman, 2014. "Islam versus economics," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 3, pages iii-iii, Edward Elgar Publishing.
    4. Gebhard Kirchgässner, 2011. "Kaderschmieden der Wirtschaft und/oder Universitäten? Der Auftrag der Wirtschaftsuniversitäten und –fakultäten im 21. Jahrhundert," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 12(3), pages 317-337, August.
    5. Gebhard Kirchgässner, 2011. "Econometric Estimates of Deterrence of the Death Penalty: Facts or Ideology?," Kyklos, Wiley Blackwell, vol. 64(3), pages 448-478, August.
    6. Roland Cheo, 2006. "Teaching Contingent Valuation and Promoting Civic Mindedness in the Process," International Review of Economic Education, Economics Network, University of Bristol, vol. 5(2), pages 81-97.
    7. Leiser, David & Benita, Rinat & Bourgeois-Gironde, Sacha, 2016. "Differing conceptions of the causes of the economic crisis: Effects of culture, economic training, and personal impact," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 154-163.
    8. Potrafke, Niklas & Fischer, Mira & Ursprung, Heinrich, 2013. "Does the Field of Study Influence Students' Political Attitudes?," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79934, Verein für Socialpolitik / German Economic Association.
    9. Kuehnhanss, Colin R. & Heyndels, Bruno & Hilken, Katharina, 2015. "Choice in politics: Equivalency framing in economic policy decisions and the influence of expertise," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 360-374.
    10. Jacob, Robert & Christandl, Fabian & Fetchenhauer, Detlef, 2011. "Economic experts or laypeople? How teachers and journalists judge trade and immigration policies," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 662-671.
    11. İbrahim Erdem SEÇİLMİŞ, 2014. "Seniority: A Blessing or A Curse? The Effect of Economics Training on the Perception of Distributive Justice," Sosyoekonomi Journal, Sosyoekonomi Society, issue 22(22).
    12. Farley, Joshua & Schmitt, Abdon & Burke, Matthew & Farr, Marigo, 2015. "Extending market allocation to ecosystem services: Moral and practical implications on a full and unequal planet," Ecological Economics, Elsevier, vol. 117(C), pages 244-252.
    13. Zaman, Asad, 2008. "Islamic Economics: A Survey of the Literature," MPRA Paper 11024, University Library of Munich, Germany.
    14. Nelson, Douglas, 2006. "The political economy of antidumping: A survey," European Journal of Political Economy, Elsevier, vol. 22(3), pages 554-590, September.
    15. Hillman, Arye L., 2010. "Expressive behavior in economics and politics," European Journal of Political Economy, Elsevier, vol. 26(4), pages 403-418, December.
    16. Simon Niklas Hellmich, 2019. "Are People Trained in Economics “Different,†and if so, Why? A Literature Review," The American Economist, Sage Publications, vol. 64(2), pages 246-268, October.
    17. Ruske, René & Suttner, Johannes, 2012. "Wie (un-)fair sind Ökonomen? Neue empirische Evidenz zur Marktbewertung und Rationalität," CIW Discussion Papers 03/2012, University of Münster, Center for Interdisciplinary Economics (CIW).

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    More about this item

    Keywords

    Cooperative Behaviour; Indoctrination; Self-Selection; Referenda Results; Economic Model of Behaviour; Commitment; Fairness of the Market;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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