Economics hegemony

Written by: Stephen Hsu

Primary Source: Information Processing

Sociologists decry the ascendance of economics in the social sciences. See also Venn diagram for economicsConfessions of an economist, and Summers and Shleifer:

(Ellison, an anthropologist, was Dean of the Graduate School under Summers.)

Over lunch not long after Summers took over the presidency in 2001, Ellison said, Summers suggested that some funds should be moved from a sociology program to the Kennedy School, home to many economists and political scientists. ”President Summers asked me, didn’t I agree that, in general, economists are smarter than political scientists, and political scientists are smarter than sociologists?” Ellison said. ”To which I laughed nervously and didn’t reply.”

The Superiority of Economists (Max Planck – Sciences Po discussion paper). Via OrgtheoryKrugman comments (highly recommended).

Abstract: In this essay, we investigate the dominant position of economics within the network of the social sciences in the United States. We begin by documenting the relative insularity of economics, using bibliometric data. Next we analyze the tight management of the field from the top down, which gives economics its characteristic hierarchical structure. Economists also distinguish themselves from other social scientists through their much better material situation (many teach in business schools, have external consulting activities), their more individualist worldviews, and in the confidence they have in their discipline’s ability to fix the world’s problems. Taken together, these traits constitute what we call the superiority of economists, where economists’ objective supremacy is intimately linked with their subjective sense of authority and entitlement. While this superiority has certainly fueled economists’ practical involvement and their considerable influence over the economy, it has also exposed them more to conflicts of interests, political critique, even derision.

… Some fifteen years ago, Richard Freeman (1999: 141) speculated on the origins of this conviction. His assessment was candid: “[S]ociologists and political scientists have less powerful analytical tools and know less than we do, or so we believe. By scores on the Graduate Record Examination and other criteria, our field attracts students stronger than theirs, and our courses are more mathematically demanding.”

How Sociologists Made Themselves Irrelevant by Harvard sociologist Orlando Patterson. Via Scatterplot.

Chronicle: … In closing, I would like to suggest two “smell tests” for all sociologists, but especially those engaged with the public sphere, when assessing their work. The first is the Garfinkel rule, mentioned earlier: Never treat your subjects as cultural dopes. If you find yourself struggling to explain away your subjects’ own reasoned and widely held account of what they consider important in explaining their condition, you are up to something intellectually fishy.

The second is this: If you end up with findings that have policy implications that you would never dream of advocating for yourself or your loved ones, be wary of them. A case in point: If you find that neighborhoods have no effects, you should be prepared to do the rational thing and go live in an inner-city neighborhood with its much cheaper real estate, or at least advise your struggling son or daughter searching for an apartment to save by renting there. If the thought offends you, then something stinks.

More fun links: The Econ con and Economics: is it science?

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Stephen Hsu
Stephen Hsu is vice president for Research and Graduate Studies at Michigan State University. He also serves as scientific adviser to BGI (formerly Beijing Genomics Institute) and as a member of its Cognitive Genomics Lab. Hsu’s primary work has been in applications of quantum field theory, particularly to problems in quantum chromodynamics, dark energy, black holes, entropy bounds, and particle physics beyond the standard model. He has also made contributions to genomics and bioinformatics, the theory of modern finance, and in encryption and information security. Founder of two Silicon Valley companies—SafeWeb, a pioneer in SSL VPN (Secure Sockets Layer Virtual Private Networks) appliances, which was acquired by Symantec in 2003, and Robot Genius Inc., which developed anti-malware technologies—Hsu has given invited research seminars and colloquia at leading research universities and laboratories around the world.
Stephen Hsu

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