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The Role of Criticism in Growth Theory, 1939-1986

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  • Hans Werner Holub

    (Universitõt Innsbruck, Institut f³r Wirtschaftstheorie, Wirtschaftspolitik und Wirtschaftsgeschichte, Universitõtsstr. 15/3, Innsbruck, Austria)

  • Veronoika V. Eberharter

    (Universitõt Innsbruck, Institut f³r Wirtschaftstheorie, Wirtschaftspolitik und Wirtschaftsgeschichte, Universitõtsstr. 15/3, Innsbruck, Austria)

  • Gottfried Tappeiner

    (Universitõt Innsbruck, Institut f³r Wirtschaftstheorie, Wirtschaftspolitik und Wirtschaftsgeschichte, Universitõtsstr. 15/3, Innsbruck, Austria)

Abstract

This paper provides an analysis of the role of criticism in economics, exemplified with journal articles on modern growth theory, published between 1939 and 1986 in 47 economic journals. Critical (-) articles according to our definition either are critical keynotes to articles, or point out the weakness of the growth model, or consider the shortcomings of other critical articles. We found a decreasing propensity to criticize at the end of the life-cycle of modern growth theory, expressed by the number of articles and the market shares of -articles. Criticism does not encourage a debate on the criticized theoretical aspects, but is broadly ignored in the scientific community. The empirical results do not support the hypothesis, that criticism leads to scientific knowledge and to new paradigms.

Suggested Citation

  • Hans Werner Holub & Veronoika V. Eberharter & Gottfried Tappeiner, 2004. "The Role of Criticism in Growth Theory, 1939-1986," Homo Oeconomicus, Institute of SocioEconomics, vol. 20, pages 437-448.
    • Handle: RePEc:hom:homoec:v:20:y:2004:p:437-448
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