Die Krise der Wirtschaft: Auch eine Krise der Wirtschaftswissenschaften?

Gebhard Kirchgässner

University of St. Gallen Department of Economics working paper series 2009 from Department of Economics, University of St. Gallen

Abstract: Is the economic and financial crisis also a crisis of Economics? From different perspectives, today there is rather harsh criticism of Economics as a Social Science. In this paper, first, some of the recent failures of Economics are discussed. Then some of the criticisms are taken up that are less convincing, in particular criticisms of the application of the economic model of behaviour, the mathematisation of Economics and the principle of value freedom. The appropriate role of the government as well as of competition is discussed, and also which other consequences should be drawn for Economics as a science but also for economic policy. Finally, we debate whether there is, besides the economic crisis, really as crisis of Economics as well.

Keywords: Economic Crisis; Financial Crisis; Economic Theory; Role of the Government; Mathematics; Value Freedom; Pension System. (search for similar items in EconPapers)
JEL-codes: A10 H10 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009-08
New Economics Papers: this item is included in nep-ger and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Die Krise der Wirtschaft: Auch eine Krise der Wirtschaftswissenschaften? (2009)
Working Paper: Die Krise der Wirtschaft: Auch eine Krise der Wirtschaftswissenschaften? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:usg:dp2009:2009-18

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