Science as a Free Market: A Reflexivity Test in an Economics of Economics

Perspectives on Science 7 (4):486-509 (1999)
One prominent aspect of recent developments in science studies has been the increasing employment of economic concepts and models in the depiction of science, including the notion of a free market for scientific ideas. This gives rise to the issue of the adequacy of the conceptual resources of economics for this purpose. This paper suggests an adequacy test by putting a version of free market economics to a self-referential scrutiny. The outcome is that either free market economics is self-defeating, or else there must be two different concepts of free market, one for the ordinary economy, the other for science. Both conclusions will impose limits on the applicability of the ordinary economic concept of the market to the study of science
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DOI 10.1162/posc.1999.7.4.486
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References found in this work BETA
The Republic of Science.Michael Polanyi - 1962 - Minerva 1 (1):54-73.
Verisimilitude and the Scientific Strategy of Economic Theory.JesÚ Zamora Bonilla & P. S. - 1999 - Journal of Economic Methodology 6 (3):331-350.
Is Coase a Realist?U. Maki - 1998 - Philosophy of the Social Sciences 28 (1):5-31.

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Citations of this work BETA
On Science as a Free Market.Allan Walstad - 2001 - Perspectives on Science 9 (3):324-340.
Science as Public Sphere?Jesús Vega Encabo & F. Javier Gil Martín - 2007 - Social Epistemology 21 (1):5 – 20.

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