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Why Economists Disregard Economic Methodology

Bruno Frey

No 58, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: This paper advances two propositions, one concerning content, the other concerning research strategy. (1) The advent of wide-spread internet publishing reduces the stifling impact of the refereeing process on the papers accepted and submitted to journals. Economics scholars are less bound to devoting a large part of their time and effort on formalisms. They have more leeway to concentrate on matters of content. This greater freedom also improves the chances of the advice and suggestions proposed by economic methodologists being put into practice. (2) Economic methodology is only able to influence the practice of economics if it takes into account the incentives to which scholars are subjected when they want to pursue an academic career and become prominent. Incentives are transmitted by institutions; it is therefore necessary for economic methodology to analyse how institutions work and how they may change in the future. An attempt has been made here to look at the publication process in economics, and the impact the internet might have on the incentives to write and to do research.

Keywords: economic methodology; economists; publishing; internet; institutions (search for similar items in EconPapers)
JEL-codes: A11 B4 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Journal Article: Why economists disregard economic methodology (2002) Downloads
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