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Für eine Handvoll Euros: Der Markt für Vorträge zur Bewertung des Einflusses der Volkswirtschaftslehre

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  • Gerald Hosp
  • Klaus Schweinsberg

Abstract

The belief of many economists that their science has a major impact on the discussion of economic and societal problems is largely based on anecdotal evidence or personal experience. In this article it is proposed to measure the importance with market prices like speaking fees. The results show that economists receive significantly lower fees than journalists and politicians. Due to the restricted data the interpretation has to be done carefully. However, the article may serve as a starting point for using market prices for impact measurement.

Suggested Citation

  • Gerald Hosp & Klaus Schweinsberg, 2006. "Für eine Handvoll Euros: Der Markt für Vorträge zur Bewertung des Einflusses der Volkswirtschaftslehre," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(4), pages 459-469, November.
    • Handle: RePEc:bla:perwir:v:7:y:2006:i:4:p:459-469
    DOI: 10.1111/j.1468-2516.2006.00222.x
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    References listed on IDEAS

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    1. Lex Borghans & Loek Groot, 1998. "Superstardom and Monopolistic Power: Why Media Stars Earn More Than Their Marginal Contribution to Welfare," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 154(3), pages 546-546, September.
    2. Bruno S. Frey, 2000. "Was Bewirkt die Volkswirtschaftslehre?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(1), pages 5-33, February.
    3. Werner Bönte & Bernd Lucke, 2004. "Qualitätssicherung in der volkswirtschaftlichen Auftragsforschung: Eine Fallstudie und ein Vorschlag," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(1), pages 1-22, February.
    4. Bruno S. Frey & Reiner Eichenberger, 1993. "American and European Economics and Economists," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 185-193, Fall.
    5. Klaus F. Zimmermann, 2004. "Advising Policymakers through the Media," The Journal of Economic Education, Taylor & Francis Journals, vol. 35(4), pages 395-406, October.
    6. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-858, December.
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    Cited by:

    1. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2014. "Do the best scholars attract the highest speaking fees? An exploration of internal and external influence," Scientometrics, Springer;Akadémiai Kiadó, vol. 101(1), pages 793-817, October.
    2. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Markus Schaffner & Benno Torgler & Stephen Whyte, 2013. "Do the Best Scholars and Economists Attract the Highest Speaking Fees?," CREMA Working Paper Series 2013-18, Center for Research in Economics, Management and the Arts (CREMA).

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