October 26, 2011
The Impact of Nobel Prize Winners in Economics
Mainline vs. Mainstream
Peter J. Boettke
Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and EconomicsAlexander Fink
Lecturer, University of LeipzigDaniel J. Smith
Associate Professor of Economics, Troy University
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.Additional details
Read the paper at SSRN.com.
The authors assess the impact of two groups of economists; mainline economists who regard economics primarily as the science of exchange and mainstream economists who perceive economics primarily as the science of choice. To control for scholarly quality they investigated the citation impact of Nobel Prize winning economists, who were broken up into the two groups according to their approaches to market failure arguments. The authors found that over the period from 1970 to 2007 mainline economists had more of an impact than mainstream economists did.
Two Plus Two is Four: Connect the Dots
Scott Sumner