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Does Economics have an Effect? Towards an Economics of Economics

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  • Bruno S. Frey

Abstract

Due to its formality and highly analytic thinking, economics is often attributed a leading role among the social sciences and a prominent position as contributor to economic or social issues in the real world. Fact is, however, that the empirical proof for such a claim is either missing or anecdotal. This paper aims to outline the �economics of economics�. It surveys and compares approaches of impact measurement such as a production function of economics or the demand and supply of trained economists and discusses the determinants of the strength of the influence of economics. It furthermore discriminates between the impact of economic ideas versus that of economists as scientists or politicians.

Suggested Citation

  • Bruno S. Frey, "undated". "Does Economics have an Effect? Towards an Economics of Economics," IEW - Working Papers 036, Institute for Empirical Research in Economics - University of Zurich.
    • Handle: RePEc:zur:iewwpx:036
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    File URL: https://www.zora.uzh.ch/id/eprint/51938/1/iewwp036.pdf
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    References listed on IDEAS

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    1. Friedman, Milton, 1986. "Economists and Economic Policy," Economic Inquiry, Western Economic Association International, vol. 24(1), pages 1-10, January.
    2. Friedman, Milton, 1972. "Have Monetary Policies Failed?," American Economic Review, American Economic Association, vol. 62(2), pages 11-18, May.
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    Cited by:

    1. Pühringer, Stephan, 2016. "Still the queens of social sciences? (Post-)Crisis power balances of "public economists" in Germany," Working Paper Serie des Instituts für Ökonomie Ök-22, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    2. Schenk-Hoppe, Klaus Reiner & Schmalfu[ss], Bjorn, 2001. "Random fixed points in a stochastic Solow growth model," Journal of Mathematical Economics, Elsevier, vol. 36(1), pages 19-30, September.
    3. Jacob, Robert & Christandl, Fabian & Fetchenhauer, Detlef, 2011. "Economic experts or laypeople? How teachers and journalists judge trade and immigration policies," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 662-671.
    4. Stephan Puehringer & Karl Beyer, 2020. "Who are the economists Germany listens to?," ICAE Working Papers 103, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    5. Marco Novarese & Andrea Pozzali, 2010. "Heterodox Economics and the Scientist's Role in Society," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1614-1635, November.
    6. Pavel Kuchař, 2012. "Dan Št’astný: The Economics of Economics," European Journal of Law and Economics, Springer, vol. 34(1), pages 3-7, August.
    7. Mach, André, 2002. "Economists as policy entrepreneurs and the rise of neoliberal ideas in Switzerland during the 1990s," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 4(1), pages 3-16.
    8. Klaus Heine & Karsten Mause, 2004. "Policy Advice as an Investment Problem," Kyklos, Wiley Blackwell, vol. 57(3), pages 403-427, August.
    9. Russo, Carlo & Yavapolkul, Navin & Zetland, David, 2005. "Is Inverse Demand Perverse?," 2005 Annual Meeting, July 6-8, 2005, San Francisco, California 36295, Western Agricultural Economics Association.
    10. Per Skedinger & Dan Johansson, 2004. "In Sweden, Anti-Globalizationists Dominate Public Discourse, Econ Profs Do Little," Econ Journal Watch, Econ Journal Watch, vol. 1(1), pages 175-184, April.

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    More about this item

    Keywords

    Economics of Economics; Role of Economics; Role of Economists;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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