American Economic Review: Vol. 101 No. 3 (May 2011)


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Economists as Worldly Philosophers

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Shiller, Robert J., and Virginia M. Shiller. 2011. "Economists as Worldly Philosophers." American Economic Review, 101(3): 171-75.

DOI: 10.1257/aer.101.3.171


While leading figures in the early history of economics conceived of it as inseparable from philosophy and other humanities, there has been movement, especially in recent decades, towards its becoming an essentially technical field with narrowly specialized areas of inquiry. Certainly, specialization has allowed for great progress in economic science. However, recent events surrounding the financial crisis support the arguments of some that economics needs to develop forums for interdisciplinary interaction and to aspire to broader vision.

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Shiller, Robert J. (Cowles Foundation for Research in Economics, Yale U)
Shiller, Virginia M. (Child Study Center, Yale U)

JEL Classifications

A11: Role of Economics; Role of Economists
A12: Relation of Economics to Other Disciplines
A13: Relation of Economics to Social Values

American Economic Review

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