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The fragility of a discipline when a model has monopoly status

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  • David Levy
  • Sandra Peart

Abstract

We consider the consequences of a scientific literature with only one model of an important phenomenon. The falsification of the model would mean falsification of the science. Scientists who would prefer not to have their discipline falsified will be tempted to find ad hoc explanations to excuse the failure. To test this hypothesis we propose a study of the economic forecasts of the comparative Soviet and American growth rates in the years before a public choice model of central planning was a viable alternative to the public interest model. Copyright Springer Science + Business Media, Inc. 2006

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  • David Levy & Sandra Peart, 2006. "The fragility of a discipline when a model has monopoly status," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(2), pages 125-136, June.
    • Handle: RePEc:kap:revaec:v:19:y:2006:i:2:p:125-136
    DOI: 10.1007/s11138-006-7344-5
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    References listed on IDEAS

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    Cited by:

    1. Dalibor Roháč, 2013. "What Are the Lessons from Post-Communist Transitions?," Economic Affairs, Wiley Blackwell, vol. 33(1), pages 65-77, February.
    2. Roger Koppl & William Luther, 2012. "Hayek, Keynes, and modern macroeconomics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(3), pages 223-241, September.
    3. Lindov, Dalila, 2020. "Teachers and politics," European Journal of Political Economy, Elsevier, vol. 64(C).
    4. David M. Levy & Sandra J. Peart, 2021. "William Beveridge’s “mock trial of economists”," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 221-252, June.
    5. David Levy & Sandra Peart, 2015. "G. Warren Nutter’s “Traveler’s tale of the Soviet economy”: A witness to the actual world," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(4), pages 397-404, December.
    6. Levy, David M. & Peart, Sandra J., 2011. "Soviet growth and American textbooks: An endogenous past," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 110-125.

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