Tag Archives: economics

Economic models: ever evolving target for adequate policy making

The inability to predict the financial crisis has raised a debate on an important toolkit of economists: economic models. How reliable and useful are they? To what extent can policy makers rely on model analyses in forming policies? And to what extent, can they be used, for example, for science policy to ensure most effective allocation of limited funding resources? Read more [...]

When economist lead the R&D dance

Recently, national governments in several European countries have merged their ministry for science and research, with the portfolio of economic affairs. This is true, at least for the moment, in the UK, in Spain, and in Austria. So far, these three countries stand out as an exception in the European map. Does this mean that research has been reduced down to being the object of mere economic considerations? Read more [...]