Economic Science and Political Influence
نویسنده
چکیده
When policymakers and private agents use models, the economists who design the model have an incentive to alter it in order infuence outcomes in a fashion consistent with their own preferences. I discuss some consequences of the existence of such ideological bias. In particular, I analyze the role of measurement infrastructures such as national statisticall institutes, the extent to which intellectual competition between di¤erent schools of thought may lead to polarization of views over some parameters and at the same time to consensus over other parameters, and nally how the attempt to preserve inuence can lead to degenerative research programs. JEL: A11, E6 Keywords: Ideology, Macroeconomic modelling, Self-con rming equilibria, polarization, autocoherent models, intellectual competition, degenerative research programs, identi cation Paris School of Economics, New York University Abu Dhabi and Toulouse School of Economics. This paper is the text of my EEA Congress Schumpeter Lecture, Malaga, August 2012. I am grateful to the President of the EEA, Jordi Gali, for giving me the opportunity to present this work at the congress. This research has bene tted from comments from seminar participants at Princeton, Yale, CERGE, Venice University, Toulouse School of Economics, the European Summer Symposium in Macroeconomics 2011, Gerzensee, and the International Seminar on Macroeconomics 2011, Malta. 1 ha ls hs -0 07 59 05 7, v er si on 1 29 N ov 2 01 2
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