. The question of whether science may usefully be viewed as a market process has recently been addressed by Mäki, who concludes 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.” Here I argue that such pessimism is unwarranted.Mäki proposes that the conduct of economic research itself be taken, self-reflexively, as a test case for any suggested economics of science. While agreeing that we (...) may expect economics to apply to the conduct of economic research itself, I demonstrate that there is a lack of cogency, both in Mäki's argument for his proposal and in his attempt to implement a reflexivity test.Mäki asks what would be exchanged in the scientific “market for ideas”. The answer is that recognition is exchanged for the opportunity to use another's research results. The identification of an organized and pervasive system of exchange establishes a firm basis for analyzing science as a market process. (shrink)

The cultural and epistemic status of science is under attack. Social and cultural studies of science are widely perceived to offer evidence and arguments in support of an anti-science campaign. They portray science as a mundane social endeavour, akin to religion and politics, with no privileged access to truthful information about the real world. Science is under threat and needs defence. Old philosophical legitimations have lost their bite. Alarm bells ring, new troops have to be mobilised. Call economics, the good (...) old friend of the status quo depicting it as a generally beneficial social order while accommodating a rather mundane picture of human behaviour. In contrast to constructivist and relativist sociology of scientific knowledge, economic accounts of science seek to provide a rigorous defence of the cultural and epistemic legitimacy of science by accommodating plausible elements in the sociological accounts and by embedding them in invisible-hand arguments about the functioning of some market-like structure within science. Viewed through economic spectacles, science re-emerges from the ashes as stronger and more beautiful than ever. A spectator raises an innocent question: is economics itself strong and beautiful enough to offer such alleviating services? In order to examine the emerging issue of disciplinary credibility, we need to look at economics itself more closely, and we need to address traditional issues in the philosophy of science as well as less traditional issues of reflexivity. We will see that the above caricature concerning the role of economics in the science wars calls for heavy qualifications if not wholesale rejection. (shrink)

At least since Kuhn’s Structure, philosophers have studied the influence of social factors in science’s pursuit of truth and knowledge. More recently, formal models and computer simulations have allowed philosophers of science and social epistemologists to dig deeper into the detailed dynamics of scientific research and experimentation, and to develop very seemingly realistic models of the social organization of science. These models purport to be predictive of the optimal allocations of factors, such as diversity of methods used in science, size (...) of groups, and communication channels among researchers. In this paper we argue that the current research faces an empirical challenge. The challenge is to connect simulation models with data. We present possible scenarios about how the challenge may unfold. (shrink)

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. (shrink)

This paper draws a connection between recentdevelopments in naturalized philosophyof science and the Buchanan research programin economics. Economic approaches innaturalized philosophy of science canbe combined to form an economic philosophy ofscience. After giving an overview of someof these approaches, I lay out the fundamentalsof the Buchanan research program. I arguethat its main elements are a theory of interactionsand a normative foundation in consensus whichhelp to answer some important criticismsof economic philosophy of science.

Expanding on recent philosophical contributions to the conceptual and normative framework of scientific imperialism, I examine whether the economics approach to social epistemology can be considered a case of economics imperialism and determine whether economics’ explanatory expansionism appropriately contributes to this philosophical subfield or not. I argue first that the economics approach to social epistemology counts as a case of economics imperialism under a broad conception of the term, and second that we have good reasons to doubt the appropriateness of (...) the incursion of economics into social epistemology, insofar as economics’ attempt at explanatory unification fails to express significant human interests. (shrink)

In this article, the author focuses on Philip Kitcher's and Alvin Goldman's economic models of the social character of scientific knowledge production. After introducing some relevant methodological issues in the social sciences and characterizing Kitcher's and Goldman's models, the author goes on to show that special problems arise directly from the concept of an agent invoked in the models. The author argues that the two distinct concepts of agents, borrowed from economics and cognitive psychology, are inconsistent. Finally, the author discusses (...) some of the normative implications that arise from adopting economic concepts of agents in the study of science. (shrink)