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Ideologies, Beliefs, and Economic Advice - A Cognitive- Evolutionary View on Economic Policy-Making

Author

Listed:
  • Tilman Slembeck

    (University of St.Gallen)

Abstract

Economists often perceive the “ideological beliefs“ held by political actors as obstacles to rational policy-making. In contrast, it is argued that ideologies have characteristics that appear desirable in policy- making in that they allow political actors to credibly commit themselves to certain policies, thereby fostering rule-based behavior and predictability. Understanding the roles of ideologies and economic beliefs in the political process also enables economists to be more effective in giving economic policy advice. The roles of beliefs, ideologies, and economists as policy advisers are discussed in a cognitive-evolutionary framework of the political process, and a new research agenda is proposed. Finally, several problems and shortcomings of policy proposals are discussed with regard to the two different worlds that policy-makers and economists live in.

Suggested Citation

  • Tilman Slembeck, 2000. "Ideologies, Beliefs, and Economic Advice - A Cognitive- Evolutionary View on Economic Policy-Making," Public Economics 0004005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwppe:0004005
    Note: Type of Document - PDF; prepared on IBM PC; to print on HP/PostScript; pages: 33 ; figures: included. Discussion Paper No. 2000- 12, Department of Economics, University of St.Gallen, June 2000, downloads at http://www.fgn.unisg.ch/public/public.htm
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/0004/0004005.pdf
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    Citations

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    Cited by:

    1. Sami Diaf & Jörg Döpke & Ulrich Fritsche & Ida Rockenbach, 2020. "Sharks and minnows in a shoal of words: Measuring latent ideological positions of German economic research institutes based on text mining techniques," Macroeconomics and Finance Series 202001, University of Hamburg, Department of Socioeconomics.
    2. Lehmann-Waffenschmidt, Marco & Sandri, Serena, 2007. "Recursivity and Self-Referentiality of Economic Theories and Their Implications for Bounded Rational Actors," Dresden Discussion Paper Series in Economics 03/07, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    3. Eckardt, Martina, 2003. "The Open Method of Co-ordination on Pensions - An Economic Analysis of its Effects on Pension Reforms," Thuenen-Series of Applied Economic Theory 39, University of Rostock, Institute of Economics.
    4. Marina Riem, 2017. "Essays on the Behavior of Firms and Politicians," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 73.
    5. Diaf, Sami & Döpke, Jörg & Fritsche, Ulrich & Rockenbach, Ida, 2022. "Sharks and minnows in a shoal of words: Measuring latent ideological positions based on text mining techniques," European Journal of Political Economy, Elsevier, vol. 75(C).
    6. Eckardt, Martina, 2004. "Evolutionary approaches to legal change," Thuenen-Series of Applied Economic Theory 47, University of Rostock, Institute of Economics.
    7. Christoph Schinke, 2016. "Wealth and Politics: Studies on Inter Vivos Transfers and Partisan Effects," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 67.
    8. Ha Quyen Ngo & Niklas Potrafke & Marina Riem & Christoph Schinke, 2018. "Ideology and Dissent among Economists: The Joint Economic Forecast of German Economic Research Institutes," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(1), pages 135-152, January.

    More about this item

    Keywords

    policy-making; political process; cognition; evolution; beliefs; ideology; economic advice;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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