On the 'Nobel Prize in Economics' and the monopoly of neoclassical theory at ... - 0 views
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Ihering Alcoforado on 20 Sep 10On the 'Nobel Prize in Economics' and the monopoly of neoclassical theory at university departments of economics February 12, 2010pesodLeave a commentGo to comments from Peter Söderbaum, peter.soderbaum@mdh.se Early in October 2009 a journalist from a French business journal, Challenge, called me to discuss the so called Nobel Prize in Economics. He referred to a translated version of my critical article in Dagens Nyheter from 2004. I hope that the result from the interview was meaningful but at the same time I felt that I need to consider once more where I stand in relation to these issues. In what follows, there is a 'socially constructed' interview with myself in both roles; the person asking questions and the one responding. I hope this will clarify my position. At the final stage of writing these pages I heard of the new winners of the Economics Prize, Elinor Ostrom and Oliver Williamson. A short comment on this is made as a postscript. Is economics a science as you understand it? I have nothing against thinking of economics as a science. Economics is one of the social sciences, such as political science, sociology, psychology, management science. There are also important relationships to the humanities, such as a possible focus on individuals as actors and their subjectivity. I am skeptical to the attempt to emphasize similarities between economics on the one hand and physics, chemistry, medicine on the other. The latter disciplines are too limited to positivism as a theory of science (standing outside, watching ecosystems and nature, looking for regularities in a value neutral way, making experiments etc.) You are skeptical to, if not against a Nobel Prize in economics; why is this so?For me, it is the combination of two states of affairs or facts that make me question the economics prize in its present form: There is a dominance and monopoly for one kind of economics, 'neoclassical economics' at university departments of economics in