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Entwickeln sich wirtschaftswissenschaftliche Forschung und Politikberatung auseinander?

Justus Haucap (), Michael Mödl, Christoph Schmidt, Nils Moore, Michael Themann, Wolfram Richter (), Marcel Fratzscher (), Gert Wagner (), Werner Güth (), Hartmut Kliemt and Willi Koll

Wirtschaftsdienst, 2013, vol. 93, issue 8, 507-530

Abstract: Most German economists show strong patterns of professional specialisation. In their work, they either focus on basic research or on policy consultancy. The evidence provided by Haucap und Mödl has been used to question work incentives in academia. The suggestion to change work incentives, however, is not supported by Richter, who rather calls into question the German tradition of research funding. He argues that Germany should devote more competitive funding to research projects and less to institutions. Schmidt et al. explore the question the other way around: do policy consultants publish in top journals? They conclude that they do. Güth/Kliemt show how precarious and limited our (technologically useful) knowledge is. The discussion of alternative policies among economic experts should be used to tease out the controversial arguments to allow for better informed political judgements. Wagner/Fratzscher take a historical view, showing that when modern economic research (and economic research institutes) apply a more pluralistic paradigm than that which prevailed in Germany for a long period after the Second World War, economic research will automatically have a more significant impact on politics, since policy advisors will produce more varied advice with the potential for realisation. Koll also claims that policy advice must not be based on a single supply-side oriented mainstream point of view. By drawing lessons from the crisis, economics must identify a new mainstream providing reliable guidance and policy advice. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Keywords: A11; D78 (search for similar items in EconPapers)
Date: 2013
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