Views among Economists: Professional Consensus or Point-Counterpoint?
To what degree do economists disagree about key economic questions? To provide evidence, we make use of the responses to a series of questions posed to a distinguished panel of economists put together by the Chicago School of Business. Based on our analysis, we find a broad consensus on these many different economic issues, particularly when the past economic literature on the question is large. Any differences are unrelated to observable characteristics of the Panel members, other than men being slightly more likely to express an opinion. These differences are idiosyncratic, with no support for liberal vs. conservative camps.
We would like to thank Anil Kashyap for inspiring us to write this paper, and both Anil Kashyap and Brian Barry for comments on an earlier draft. We also thank Paul Krugman, Monika Piazzesi, and Justin Wolfers for their insights as discussants at the 2013 ASSA meetings, and seminar participants at UC San Diego. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
Roger Gordon & Gordon B. Dahl, 2013. "Views among Economists: Professional Consensus or Point-Counterpoint?," American Economic Review, American Economic Association, vol. 103(3), pages 629-35, May. citation courtesy of