Page 46 - Ekonomija i Biznis_juli-avgust 2016.indd
P. 46
РInУthБefРocИus КА
In his text from last year, Moe Naim depends on who you are asking. Dani Ro-
from the Carnegie foundation turns drik, the most moderate of all the eco-
the attention to the fact that most nomic critics, considers that the classical
economic papers refer to a small methods can do a lot more if these are
number of economic papers which applied in an innovative way, and for this
usually come from four universities, reason, he advices the young economists
MIT, Harvard, Chicago, and Princeton to open their eyes and brain, and not to
University, and they belong to a small succumb to the great internal pressure
group of economists who have an of the profession to become ideologically
exceptionally strong influence of what categorized.
will be published
The influence of the ideology is actu-
when there would be more physicists ally unusually strong. In his text from
and more mathematicians in the econo- last year, Moe Naim from the Carnegie
my than there are now, the world would foundation turns the attention to the
be a field of “more accurate”, and may- fact that most economic papers refer to a
be happier outcomes. Contrary to this, small number of economic papers which
some economists, such as Chris House usually come from four universities,
believe that the physicians are the ones MIT, Harvard, Chicago, and Princeton
that spoiled things, they know the meth- University, and they belong to a small
od, however in terms of the understand- group of economists who have an excep-
ing of the economy, they are at the level tionally strong influence of what will be
of a beginner. Other physicists, on the published. The economists, he indicated,
other hand, claim that the economists referring to a study from 2015, are char-
are simply ridiculous in their belief that acterized by extreme blindness about the
the principles of natural sciences can be related social sciences, the political sci-
applied in a single social science. Indeed, ences and sociology. Only one percent of
because for hundred times we already the papers, published in 50 most influen-
pushed the button “saving”, and the tial American magazines for social sci-
horse did not want to move, are there ences in the past ten years, found their
reasons to think that there is something place in the quotations of the econo-
seriously wrong with our method. mists. When they are asked whether the
interdisciplinary would be beneficial to
Although some of the initiatives to them, most interviewed economists said
return the economy in the world of so- that it would not be beneficial. If they
cial sciences, that it belongs to, are al- teach in the business schools, the econo-
ready embedded in different economic mists show above-average understand-
fields (behaviorist economy, etc.), this ing of the exceptionally high manage-
call for changes by the economists gath- ment salaries, which is not the case with
ered around Soros, around influential the ones who are employed in the uni-
portals such as Vox and others, is actu- versities. In other words, the economists
ally an appeal to re-valuate the entire show a lot of flexibility and preparedness
paradigm. What should be retained, and to adjust their attitudes to the world of
what should be completely eliminated, the ones who are more powerful than
them. The way how they supported the
economic collapse in their papers, where
they insist on continuous and more com-
prehensive market liberation, is a good
evidence of the situation.
The pride should be replaced by mod-
esty and introspection, by new ideas and
equality, says Naim, however it seems
that we will wait too long for this to hap-
pen.
46 July-August 2016
