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'Econexit. Do we like economics so much that soon we will have two?'

20 January 2021

Carlo D'Ippoliti is an Associate Professor of Economics at Sapienza University of Rome. He joined us in our International Development and Innovation Seminar Series on Wednesday 20 January to present: "Econexit. Do we like economics so much that soon we will have two?" 

View the slides from the session here

This event was Chaired by Dr Lorena Lombardozzi, Lecturer in Economics at The Open University.

Carlo D'Ippoliti is editor of the open-access economics journals "PSL Quarterly Review" and "Moneta e Credito". His recent publications include  "Democratizing the economics debate" (Routledge, 2020), and the "Handbook of Heterodox Economics" (Routledge, 2017) and "Classical Political Economy Today" (Anthem, 2017) both as co-editor. He is the 2018 winner of the "Antonio Feltrinelli Giovani" prize, reserved for Italian scholars under 40 who have achieved results of outstanding originality, independence, and international significance.

Abstract

A constant, full, and fair debate is a minimum necessary condition for society to place trust in the scientists. And yet, it is this very minimal test that the scientific system of contemporary economics fails. As both historical narratives and bibliometric data analysis show, single economists take part in selected niches of an overall disconnected debate; these divisions do not result only from specialization and division of labor among economists but also from a division into separate schools that, by and large, do not communicate with each other. Moreover, in a growing number of countries (including the UK) there is a tradition for the dominant school to try and discipline the others by capturing and exploiting formal research evaluation schemes. The reaction on the side of "heterodox" economists will determine whether this state of affairs is going to produce a scientific and cultural schism between the two camps.

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