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Economics of science: survey and suggestions

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  • Esther-Mirjam Sent

Abstract

The literature of an economics of science exists in a dismal no-(wo)man's-land located somewhere between economics, history, philosophy, policy, sociology and science. Perhaps it would have continued in this tenuous quasi-existence indefinitely, were it not for a series of trends that now seem to be encouraging the institution of a subfield within the profession of economics devoted to the topic. However, many of the economists who have begun to proclaim the existence of the new subfield have generally done so by starting from scratch, striving to think through the relevant problem settings and proposed solutions with little attention paid to the alternative communities mentioned above, building 'models' of science generally unrecognizable to those outside of mainstream economics. The goal of this paper is to provide the requisite materials for advancing the emerging field of economics of science by discussing the various approaches in a systematic, comparative and integrative manner.

Suggested Citation

  • Esther-Mirjam Sent, 1999. "Economics of science: survey and suggestions," Journal of Economic Methodology, Taylor & Francis Journals, vol. 6(1), pages 95-124.
    • Handle: RePEc:taf:jecmet:v:6:y:1999:i:1:p:95-124
    DOI: 10.1080/13501789900000005
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    References listed on IDEAS

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    1. Wible James, 1998. "THE ECONOMICS OF SCIENCE, METHODOLOGY AND EPISTEMOLOGY AS IF ECONOMICS REALLY MATTER: Compte rendu de lecture par Emmanuel Martin," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(4), pages 555-572, December.
    2. David M. Blank & George J. Stigler, 1957. "The Demand and Supply of Scientific Personnel," NBER Books, National Bureau of Economic Research, Inc, number blan57-1.
    3. Richard Nelson, 1962. "Introduction to "The Rate and Direction of Inventive Activity: Economic and Social Factors"," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 1-16, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Wilfred Dolfsma, 2001. "Economists as subjects: Toward a psychology of economists," Forum for Social Economics, Springer;The Association for Social Economics, vol. 30(2), pages 77-88, March.
    2. Butos William N. & Boettke Peter J., 2002. "Kirznerian Entrepreneurship and The Economics of Science," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(1), pages 1-14, March.
    3. Gad Yair & Keith Goldstein & Nir Rotem & Anthony J. Olejniczak, 2022. "The three cultures in American science: publication productivity in physics, history and economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(6), pages 2967-2980, June.
    4. Hendrik P. van Dalen, 2003. "Pluralism in Economics: A Public Good or a Public Bad?," Tinbergen Institute Discussion Papers 03-034/1, Tinbergen Institute, revised 18 May 2004.
    5. Altug Yalcintas & Isil Sirin Selcuk, 2016. "Research Ethics Education in Economics," Review of Social Economy, Taylor & Francis Journals, vol. 74(1), pages 53-74, March.

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