Overview

Science can be difficult and costly to conduct. Many aspects are explored from an economic viewpoint and the scientist is often treated as an economically rational individual. This study seeks to create an economics of science. It begins with economic models of misconduct in science and the legitimate practices of science. It moves on to market failure, the market place of ideas, self-correctiveness and the organizational and institutional structures of science and ends with and exploration of broader methodological themes raised by an economics of science.

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9780415172578

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Reviews

The 'economics of science' used to be an obscure pasttime for philosophers enamoured of market metaphors. But with this book, we finally have an economist's take on the subject, one that drives home its significance by openly challenging his discipline's scientific pretensions. As one would expect of an economist, Wible sends a powerful message with minimal effort: the current state of economics itself violates the ideal conditions of a market economy. Readers can then assess Wible's arguments to determine whether blame lies in the practices of economists, their ideals or, quite possibly, both. -Steve Fuller, University of Durham

The 'economics of science' used to be an obscure pasttime for philosophers enamoured of market metaphors. But with this book, we finally have an economist's take on the subject, one that drives home its significance by openly challenging his discipline's scientific pretensions. As one would expect of an economist, Wible sends a powerful message with minimal effort: the current state of economics itself violates the ideal conditions of a market economy. Readers can then assess Wible's arguments to determine whether blame lies in the practices of economists, their ideals or, quite possibly, both. <br>-Steve Fuller, University of Durham <br>

The 'economics of science' used to be an obscure pasttime for philosophers enamoured of market metaphors. But with this book, we finally have an economist's take on the subject, one that drives home its significance by openly challenging his discipline's scientific pretensions. As one would expect of an economist, Wible sends a powerful message with minimal effort: the current state of economics itself violates the ideal conditions of a market economy. Readers can then assess Wible's arguments to determine whether blame lies in the practices of economists, their ideals or, quite possibly, both. -Steve Fuller, University of Durham

'The book represents a substantial contribution to the growing literature on the economics of science. The book is highly recommended, and given the growth of literature on the economics of science it is certain to become one of the seminal contributions to the field.' - Review of Social Economy Sep 2000

Author Information

James R Wible has been a member of the economics faculty at the Whittemore School of Business and Economics, University of New Hampshire in Durham for more than a decade. His main research interests are economic methodology and the economics of science, the economics and philosophy of Charles Sanders Peirce, and macroeconomics and monetary theory.

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