The business of economics
Accepted version
Repository URI
Repository DOI
Change log
Authors
Iyer, Sriya
Abstract
In your article ‘Why economics does not understand business’ (April 8th) you highlight that ‘economics likes to see itself as a foundational discipline, like physics, not a practical one, like engineering.’ In its quest to be physics-like and evidence based, economists are prone to a form of selection bias by focusing on problems where data is relatively abundant. In doing so, economists tend to understudy problems where data is necessarily scarce as in the context of firms innovating to maintain competitive advantage.
Description
Keywords
Journal Title
Economist
Conference Name
Journal ISSN
0013-0613
Volume Title
Publisher
Economist Newspaper Ltd.
Publisher DOI
Rights
Sponsorship
Engineering and Physical Sciences Research Council (EP/R024367/1)
EPSRC (via University of Nottingham) (EP/T024429/1)
Engineering and Physical Sciences Research Council (EP/V062123/1)
ESRC (via University of Manchester) (R125208)
EPSRC (via University of Nottingham) (EP/T024429/1)
Engineering and Physical Sciences Research Council (EP/V062123/1)
ESRC (via University of Manchester) (R125208)
Engineering and Physical Sciences Research Council
Economic and Social Science Research Council