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The Economics of Economists - Institutional Setting, Individual Incentives, and Future Prospects (Hardcover)
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The Economics of Economists - Institutional Setting, Individual Incentives, and Future Prospects (Hardcover)
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The profession of academic economics has been widely criticized for
being excessively dependent on technical models based on
unrealistic assumptions about rationality and individual behavior,
and yet it remains a sparsely studied area. This volume presents a
series of background readings on the profession by leading scholars
in the history of economic thought and economic methodology.
Adopting a fresh critique, the contributors investigate the
individual incentives prevalent in academic economics, describing
economists as rational actors who react to their intellectual
environment and the incentives for economic research. Timely topics
are addressed, including the financial crisis and the consequences
for the discipline, as well as more traditional themes such as
pluralism in research, academic organizations, teaching
methodology, gender issues and professional ethics. This collection
will appeal to scholars working on topics related to economic
methodology and the teaching of economics.
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