January 4, 2013, HBR Blog Network
Justin Fox is editorial director of the Harvard Business Review Group and author of The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street.
"By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago. "The field attracts the most students, enjoys the attention of policy-makers and journalists, and gains notice, both positive and negative, from other scientists."
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Triumphalism like that calls for a comeuppance, of course. So, as the nation's (and a lot of the world's) economists gather this weekend in San Diego for their annual hoedown, it's worth asking: Are there any signs that the imperialist era of economics might finally be coming to an end?...
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