Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324945 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Contextual Economics – Schmollers Jahrbuch [ISSN:] 2568-762X [Volume:] 142 [Issue:] 4 [Year:] 2022 [Pages:] 387-407
Publisher: 
Duncker & Humblot, Berlin
Abstract: 
Until recently, policy advice has been mainly a field for specialists who are familiar with the political economy of their field, have a profound theoretical understanding, and are familiar with the pertinent empirical evidence. That said, they do not necessarily have to be excellent scientists themselves. A new member of the German Council of Economic Experts has recently doubted this model and pointed out that it is good that excellent scientists will now have more influence in policy debates in Germany. This is a reminder of the need to embed policy advice in science without losing touch with the real world. We address two main topics, first, the very relation between science and policy advice and, second, the impact of advice on the formulation of qualified economic policy. The discussion is guided by four leading questions: Is there ideal policy advice, and an ideal model? What is excellent research? Does excellent research guarantee excellent policy advice? Do paradigms play a role?
Subjects: 
Policy Advice
Science
Politics
Economics
JEL: 
A11
D72
H11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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