Skip to main content

Scientific Demotion

  • Chapter
Dionysian Economics
  • 348 Accesses

Abstract

What is a scientist? One answer: there are two kinds of scientists. Senior scientists are the ones who have NSF or NIH grants, and junior scientists are the ones who work for them. Of course, both have PhD’s in subjects their universities consider to be sciences. There are other and probably better answers, and the coverage of this answer is not complete, but it is not entirely tongue-in-cheek and will serve to set up the next question.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. See J. L. Heilbron, The Oxford Companion to the History of Modern Science (2003) for a number of articles on the emergence of modern science.

    Google Scholar 

  2. Walter Isaacson, Einstein (2007), describes Einstein’s and some others’ efforts during the former’s lifetime.

    Google Scholar 

  3. Barton Zwiebach, A First Course in String Theory (2009), presents the string theory variant of recent resurrectional efforts.

    Book  Google Scholar 

  4. An example of pure isolation occurs in Andrew Mas-Colell, Michael Whinston, and Jerry Green, Microeconomic Theory (1995), 578, “the theoretical predictive power,” and 579, “a positive prediction,” in both cases of the Walrasian equilibrium model totally without reference to any empirical results (which probably are not possible and definitely not available). In a recent issue of the peer-reviewed journal Microeconomics (vol. 4, no. 1, 2012) all but one of the eight articles featured a new or adapted mathematical model. Three included experiments (one of them a prisoners’ dilemma), that is, games with rules supplied by the investigators. As a consequence this issue contained not a single iota of data involving humans behaving in a natural environment. The lead article looks good, but the data was published six years earlier.

    Google Scholar 

  5. Edward Learner, Macroeconomic Patterns and Stories (2010) and earlier references to primarily extrapolative methods such as leading indicators and forecast averaging demonstrate this failure of sophisticated modeling of most economic phenomena.

    Google Scholar 

Download references

Authors

Copyright information

© 2016 Benjamin Ward

About this chapter

Cite this chapter

Ward, B. (2016). Scientific Demotion. In: Dionysian Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137597366_12

Download citation

Publish with us

Policies and ethics