A Look at Economics as a Profession | The Odyssey Online
Start writing a post
Politics and Activism

A Look at Economics as a Profession

Constraints on Innovation of Thought

16
A Look at Economics as a Profession
tuftsalumni.org

Who exactly who is responsible for delivering economic policy solutions to governments of the western world? As one would expect it is the economic professors you may have had if you attended a top institution for your undergraduate studies or graduate studies. Let us consider the evolution of the economic field from the time economics became a discipline of behavioral science in the late 1800’s. Where economists began writing for policy makers and the greater public, over time, the language used in published works became more and more specialized to where an individual who is removed from that discipline could not actually evaluate the research, rather they would take the findings of the economist at face value. So naturally, the individual does not receive multidimensional feedback on their work from anyone outside of their profession, which is problematic as policy ramifications are often not assessed, specialists are not held responsible, and many different populations of people are affected.

It is also important to recognize the structure of the academic world and how a professor is able to excel in their position, ie receive tenure. The professor must publish a certain number of articles in a certain select few prestigious journals in order to receive better salary benefits, as well as tenure. However, in order for the academic to publish in one of these journals, the research needs to fit into a certain vein of thought. This school of thought is referred to as Neoclassical economics, and this will often determine what research positions are most desirable. What this means, is research has begun to lack innovation to a certain degree as it must be able to make it into a prestigious journal. To return to the earlier point that was made regarding a lack of external influence of opinion within the insular field of economics. If there is little interdisciplinary influence then, economic opinion (research) could actually become destructive or ineffective in some areas. This could be the case if individuals from varying disciplines cannot offer input from a position of knowledge regarding other backgrounds.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Bob's Burgers
Adult Swim

Bob's Burgers is arguably one of the best and most well-written shows on tv today. That, and it's just plain hilarious. From Louise's crazy antics to Tina's deadpan self-confidence, whether they are planning ways to take over school or craft better burgers, the Belchers know how to have fun. They may not be anywhere close to organized or put together, but they do offer up some wise words once and awhile.

Keep Reading...Show less
Rory Gilmore

We're in college, none of us actually have anything together. In fact, not having anything together is one of our biggest stressors. However, there's a few little things that we do ever so often that actually make us feel like we have our lives together.

1. Making yourself dinner

And no this does not include ramen or Annie's Mac & Cheese. Making a decent meal for yourself is one of the most adult things you can do living on campus. And the food is much better than it would be at the dining hall.

Keep Reading...Show less
student sleep
Huffington Post

I think the hardest thing about going away to college is figuring out how to become an adult. Leaving a household where your parents took care of literally everything (thanks, Mom!) and suddenly becoming your own boss is overwhelming. I feel like I'm doing a pretty good job of being a grown-up, but once in awhile I do something that really makes me feel like I'm #adulting. Twenty-somethings know what I'm talking about.

Keep Reading...Show less
school
blogspot

I went to a small high school, like 120-people-in-my-graduating-class small. It definitely had some good and some bad, and if you also went to a small high school, I’m sure you’ll relate to the things that I went through.

1. If something happens, everyone knows about it

Who hooked up with whom at the party? Yeah, heard about that an hour after it happened. You failed a test? Sorry, saw on Twitter last period. Facebook fight or, God forbid, real fight? It was on half the class’ Snapchat story half an hour ago. No matter what you do, someone will know about it.

Keep Reading...Show less
Chandler Bing

I'm assuming that we've all heard of the hit 90's TV series, Friends, right? Who hasn't? Admittedly, I had pretty low expectations when I first started binge watching the show on Netflix, but I quickly became addicted.

Without a doubt, Chandler Bing is the most relatable character, and there isn't an episode where I don't find myself thinking, Yup, Iam definitely the Chandler of my friend group.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments