13 Pages Posted: 12 Mar 2011
Date Written: January 17, 2011
While leading figures in the early history of economics conceived of it as inseparable from philosophy and other humanities, there has been movement, especially in recent decades, towards its becoming an essentially technical field with narrowly specialized areas of inquiry. Certainly, specialization has allowed for great progress in economic science. However, recent events surrounding the financial crisis support the arguments of some that economics needs to develop forums for interdisciplinary interaction and to aspire to broader vision.
JEL Classification: B4, B41
Suggested Citation: Suggested Citation
Shiller, Robert J. and Shiller, Virginia M., Economists as Worldly Philosophers (January 17, 2011). Cowles Foundation Discussion Paper No. 1788. Available at SSRN: https://ssrn.com/abstract=1783743 or http://dx.doi.org/10.2139/ssrn.1783743