{"id":5478,"date":"2015-02-09T07:22:13","date_gmt":"2015-02-09T12:22:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5478"},"modified":"2015-02-09T07:22:13","modified_gmt":"2015-02-09T12:22:13","slug":"overreliance-on-the-pseudo-science-of-economics","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5478","title":{"rendered":"Overreliance on the Pseudo-Science of Economics"},"content":{"rendered":"<h3 class=\"nytint-post-headline\"><a href=\"http:\/\/www.nytimes.com\/roomfordebate\/2015\/02\/09\/are-economists-overrated\/overreliance-on-the-pseudo-science-of-economics\" target=\"_blank\">Overreliance on the Pseudo-Science of\u00a0Economics<\/a><\/h3>\n<p>Every year a Nobel Prize in Economics is awarded when in fact there is no \u201cNobel Prize in Economics.\u201d There is only a \u201cSveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.\u201d That prize, which was invented by the Swedish central bank nearly 75 years after Alfred Nobel\u2019s death, is an annoyance to the recipients of the five actual Nobel Prizes, those scholars from excluded scientific disciplines such as astronomy, and a living descendant of the donor, Peter Nobel, who has\u00a0<a href=\"http:\/\/www.thelocal.se\/20050928\/2173\">denounced<\/a>\u00a0it as a \u201cPR coup by economists.\u201d<\/p>\n<div class=\"w380 right\"><img decoding=\"async\" src=\"http:\/\/graphics8.nytimes.com\/images\/2015\/02\/05\/opinion\/econgraph\/econgraph-sfSpan.png\" alt=\"\" \/><\/div>\n<div class=\"w380 right\"><span class=\"credit\">Data based on responses to the General Social Survey, 2006 and 2010.<\/span><\/div>\n<p>This raises the question: Have we given economists too much authority based on mistaken views about their scientific reputation among established scientists and the public?<\/p>\n<p>When asked about the degree to which various academic fields can be considered \u201cscientific,\u201d the American public is decidedly more mixed toward economics, ranking it well below established scientific fields such as physics or biology, and even below sociology.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overreliance on the Pseudo-Science of\u00a0Economics Every year a Nobel Prize in Economics is awarded when in fact there is no \u201cNobel Prize in Economics.\u201d There is only a \u201cSveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.\u201d That prize, which was invented by the Swedish central bank nearly 75 years after Alfred Nobel\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2860,244,2085,3371],"class_list":["post-5478","post","type-post","status-publish","format-standard","hentry","category-economics","tag-authority","tag-economics-2","tag-economists","tag-pseudo-science"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5478"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5478\/revisions"}],"predecessor-version":[{"id":5479,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5478\/revisions\/5479"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}