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American Economic Review Vol. 101 No. 3 2011

Economists as Worldly Philosophers

Robert J. Shiller1; Virginia M. Shiller2

1 Cowles Foundation for Research in Economics, Yale University, 30 Hillhouse Avenue, New Haven, CT 06520-8281. · 2 Child Study Center, Yale University, 230 South Frontage Road, New Haven, CT 06510.

Abstract

While leading figures in the early history of economics conceived of it as inseparable from philosophy and other humanities, there has been movement, especially in recent decades, towards its becoming an essentially technical field with narrowly specialized areas of inquiry. Certainly, specialization has allowed for great progress in economic science. However, recent events surrounding the financial crisis support the arguments of some that economics needs to develop forums for interdisciplinary interaction and to aspire to broader vision.

DOI
10.1257/aer.101.3.171
Volume
101
Issue
3
Pages
171-175
Language
en
Sources
bibtex:phds-export.bib crossref openalex

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