In Defense of Useless Economics

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11620%2F25%3A10508405" target="_blank" >RIV/00216208:11620/25:10508405 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=QirwgU1nmy" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=QirwgU1nmy</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

In Defense of Useless Economics

Popis výsledku v původním jazyce

Although the assertion that economics should be as relevant as possible to real-world problems is uncontroversial when it comes to applied work, it is less persuasive when extended to economic theory. This paper contends that economic theorists ought to be exempt from the demand for immediate practical relevance for two reasons. First, research that appears useless in the short run can prove highly valuable in the long run. Second, the ultimate aim of economic theory is to help create a coherent picture of the world we inhabit, a goal independent of direct applicability. Moreover, because the activities of theorists and applied economists differ in important ways, economic theory and applied economics should retain their relative autonomy.

Název v anglickém jazyce

In Defense of Useless Economics

Popis výsledku anglicky

Although the assertion that economics should be as relevant as possible to real-world problems is uncontroversial when it comes to applied work, it is less persuasive when extended to economic theory. This paper contends that economic theorists ought to be exempt from the demand for immediate practical relevance for two reasons. First, research that appears useless in the short run can prove highly valuable in the long run. Second, the ultimate aim of economic theory is to help create a coherent picture of the world we inhabit, a goal independent of direct applicability. Moreover, because the activities of theorists and applied economists differ in important ways, economic theory and applied economics should retain their relative autonomy.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

10700 - Other natural sciences

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Cosmos + Taxis

ISSN

2291-5079

e-ISSN

2291-5079

Svazek periodika

13

Číslo periodika v rámci svazku

9/10

Stát vydavatele periodika

CA - Kanada

Počet stran výsledku

9

Strana od-do

1-9

Kód UT WoS článku

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EID výsledku v databázi Scopus

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