The Economics of Science : Methodology and Epistemology as if Economics Really Mattered - James R. Wible

The Economics of Science

Methodology and Epistemology as if Economics Really Mattered

By: James R. Wible

Hardcover | 4 December 1997 | Edition Number 1

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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.
Industry 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

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