Why Economists Disregard Economic Methodology

Institute for Empirical Research in Economics Working Paper No. 58

14 Pages Posted: 23 Nov 2000

Date Written: September 2000

Abstract

This paper advances two propositions, one concerning content, the other concerning research strategy. (1) The advent of widespread 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.

Suggested Citation

Frey, Bruno S., Why Economists Disregard Economic Methodology (September 2000). Institute for Empirical Research in Economics Working Paper No. 58. Available at SSRN: https://ssrn.com/abstract=244398 or http://dx.doi.org/10.2139/ssrn.244398

Bruno S. Frey (Contact Author)

CREMA ( email )

Südstrasse 11
Zurich, CH 8008
Switzerland
+41 44 380 00 78 (Phone)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

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