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Diversity in the Moral Sciences

In: Assessing Austrian Economics

Author

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  • Gerald Gaus

Abstract

Pete Boettke’s “What Is Still Wrong with the Austrian School of Economics?” sketches a program for Austrian economics based on a Kuhnesque analysis of scientific communities. His core recommendations focus on what we might call theUptake and Diffusiondimensions of the scientific enterprise. If taken as a core commitment, they entail anIntegrationistprogram, a concomitant of which is a reduction in the unique insights of the Austrian approach and, so, an overall reduction of the diversity of perspectives in political economy and moral sciences. A cost of this program is to decrease the diversity of perspectives in economics, which in turn decreases the ability of Republic of Economic Science to explore and solve a wider variety of problems. The author presents the “Fundamental Diversity Dilemma,” according to which there is a trade-off between uptake/plausibility and diversity: as we increase uptake and plausibility, we decrease diversity. The author concludes with a defense of the role of heterodox research programs, and questioning the focus on a small set of metrics to indicate excellent and important research.

Suggested Citation

  • Gerald Gaus, 2019. "Diversity in the Moral Sciences," Advances in Austrian Economics, in: Assessing Austrian Economics, volume 24, pages 49-59, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-213420190000024005
    DOI: 10.1108/S1529-213420190000024005
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