The Current State of Economics: Needs Lots of Work

  title={The Current State of Economics: Needs Lots of Work},
  author={Barbara R. Bergmann},
  journal={The ANNALS of the American Academy of Political and Social Science},
  pages={52 - 67}
  • B. Bergmann
  • Published 1 July 2005
  • Economics
  • The ANNALS of the American Academy of Political and Social Science
The study of the economy has not developed as have other sciences, in which direct observation and data collection by the scientists themselves play a large part. Rather than evidence, which is mostly scarce and indirect, it is political ideology that determines which side of any controversy any economist is likely to take. Two methodological habits of the economics profession have contributed to the poor state of development of economics as a science. One is theorizing based on simple made-up… 
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