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Economic Education, Adverse Incentives and Pluralism
Steven Payson (Author of How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads)
In this talk, Dr. Payson examines the incentive system that economics professors face in their work, and how that incentive system needs to improve in order to ensure the profession’s success overall, including its consideration and adoption of pluralism. Success in this regard refers to the contribution of discourse that is valuable to society, by advancing useful knowledge and providing the background for effective policies. His talk focuses on the differences between the scientific pursuit of knowledge and the competitive “publication game” that academic economists are compelled to play in order to advance their careers. The talk is based on Payson’s new book: How Economics Professors Can Stop Failing Us.
Speaker biography:
Steven Payson has 34 years of professional experience in economics, having worked as an economic consultant for over three years, as an associate at the Inter-American Development Bank, and, for the past 26 years, as a United States government economist. In the United States government Dr. Payson has worked at the National Science Foundation and the Departments of Agriculture, Commerce, and Interior. In the U.S. Commerce Department, Dr. Payson served as Chief of the Special Studies Branch, and then Chief of Research, in the Government Division of the Bureau of Economic Analysis. In the past seven years he has been a senior economic advisor in the Department of the Interior. For work he has performed in the U.S. government, Dr. Payson received a Bronze Award from the Bureau of Economic Analysis, and a Gold Award from the Department of the Interior.
Find more information on our event page: https://www.soas.ac.uk/economics/events/27mar2018-economic-education-adverse-incentives-and-pluralism.html
Speakers: Steven Payson (Author of How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads), Ioana Negru (SOAS)
Event Date: 27 March 2018
Released by: SOAS Economics Podcast
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By SOAS Economics Podcast
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Steven Payson (Author of How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads)
In this talk, Dr. Payson examines the incentive system that economics professors face in their work, and how that incentive system needs to improve in order to ensure the profession’s success overall, including its consideration and adoption of pluralism. Success in this regard refers to the contribution of discourse that is valuable to society, by advancing useful knowledge and providing the background for effective policies. His talk focuses on the differences between the scientific pursuit of knowledge and the competitive “publication game” that academic economists are compelled to play in order to advance their careers. The talk is based on Payson’s new book: How Economics Professors Can Stop Failing Us.
Speaker biography:
Steven Payson has 34 years of professional experience in economics, having worked as an economic consultant for over three years, as an associate at the Inter-American Development Bank, and, for the past 26 years, as a United States government economist. In the United States government Dr. Payson has worked at the National Science Foundation and the Departments of Agriculture, Commerce, and Interior. In the U.S. Commerce Department, Dr. Payson served as Chief of the Special Studies Branch, and then Chief of Research, in the Government Division of the Bureau of Economic Analysis. In the past seven years he has been a senior economic advisor in the Department of the Interior. For work he has performed in the U.S. government, Dr. Payson received a Bronze Award from the Bureau of Economic Analysis, and a Gold Award from the Department of the Interior.
Find more information on our event page: https://www.soas.ac.uk/economics/events/27mar2018-economic-education-adverse-incentives-and-pluralism.html
Speakers: Steven Payson (Author of How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads), Ioana Negru (SOAS)
Event Date: 27 March 2018
Released by: SOAS Economics Podcast