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Consensus Among Economists: Revisited

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  • Dan Fuller
  • Doris Geide-stevenson

Abstract

The authors explore consensus among economists on specific propositions on the basis of a fall 2000 survey of American Economic Association members. Because some propositions are drawn from earlier studies, the results illustrate the dynamics of opinion within the profession. The authors generally find consensus within the profession, although the degree of consensus varies between propositions that are international, macroeconomic, and microeconomic in nature. Consensus is particularly strong for propositions of free international trade and capital flows. In contrast, macroeconomic propositions exhibit a lower degree of consensus, partly because of increased agreement with monetarist and supply-side propositions over time. The profession displays substantial skepticism concerning claims of the "New Economy."

Suggested Citation

  • Dan Fuller & Doris Geide-stevenson, 2003. "Consensus Among Economists: Revisited," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(4), pages 369-387, December.
    • Handle: RePEc:taf:jeduce:v:34:y:2003:i:4:p:369-387
    DOI: 10.1080/00220480309595230
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    References listed on IDEAS

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    1. Alan B. Krueger & David Card, 2000. "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Reply," American Economic Review, American Economic Association, vol. 90(5), pages 1397-1420, December.
    2. William Wascher & David Neumark, 2000. "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Comment," American Economic Review, American Economic Association, vol. 90(5), pages 1362-1396, December.
    3. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    4. Whaples, Robert, 1995. "Where Is There Consensus Among American Economic Historians? The Results of a Survey on Forty Propositions," The Journal of Economic History, Cambridge University Press, vol. 55(1), pages 139-154, March.
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