Henry Farrell discusses a new paper by Marion Fourcade, Etienne Ollion, and Yann Algan “The Superiority of Economists” over at Crooked Timber:
Marion Fourcade, Etienne Ollion and Yann Algan’s forthcoming piece on the ‘superiority of economists’ is a lovely, albeit quietly snarky, take on the hidden structures of the economics profession. It provides good evidence that e.g. economics hiring practices, rather than being market driven are more like an intensely hierarchical kinship structure, that the profession is ridden with irrational rituals, and that key economic journals are apparently rather clubbier than one might have expected in a free and competitive market (the University of Chicago’s Quarterly Journal of Economics gives nearly 10% of its pages to University of Chicago affiliated scholars; perhaps its editors believe that this situation of apparent collusion will be naturally corrected by market forces over time). What appears to economists as an intense meritocracy (as Paul Krugman acknowledges in a nice self-reflective piece) is plausibly also, or alternately, a social construct built on self-perpetuating power relations.
Unsurprisingly, a lot of economists are reading the piece (we’re all monkeys, fascinated with our reflections in the mirror). Equally unsurprisingly, many of them (including some very smart ones) don’t really get Fourcade et al’s argument, which is a Bourdieuian one about how a field, and relations of authority and power within and around that field get constructed. As Fourcade has noted in previous work, economists’ dominance has led other fields either to construct themselves in opposition to economics (economic sociology) or in supplication to it (some versions of rational choice political science). Economists have been able to ignore these rivals or to assimilate their tributes, as seems most convenient. As the new paper notes, the story of economists’ domination is told by citation patterns (the satisfaction that other social scientists can take from economists having done unto them as they have done unto others, is unfortunately of limited consolation). Yet if you’re an economist, this is invisible. Your dominance appears to be the product of natural superiority.
More here. Krugman's take here, and Marion Fourcade, Etienne Ollion, and Yann Algan's study can be found here.