The Problem of Epistemic Cost: Why Do Economists Not Change Their Minds (About the "Coase Theorem")?

YALÇINTAŞ A.

AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, cilt.72, sa.5, ss.1131-1157, 2013 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 72 Sayı: 5
  • Basım Tarihi: 2013
  • Doi Numarası: 10.1111/ajes.12037
  • Dergi Adı: AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.1131-1157
  • Ankara Üniversitesi Adresli: Hayır

Özet

Errors in the history of economic analysis often remain uncorrected for long periods due to positive epistemic costs (PEC) involved in allocating time to going back over what older generations wrote. In order to demonstrate this in a case study, economists' practice of the "Coase Theorem" is reconsidered from a PEC point of view.