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11 - CROSSING DISCIPLINARY BOUNDARIES

Published online by Cambridge University Press:  22 July 2009

Harold Demsetz
Affiliation:
University of California, Los Angeles
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Summary

I find some justification in the earlier essays on selfish gene theory, the late arrival of capitalism, and Malthus's population trap for finishing this volume with an essay that departs from the volume's emphasis on human behavior and economic institutions. Here, I comment on interdisciplinary work, giving attention to the condition that makes for success in interdisciplinary work and to the different treatments given to competiton by biology and economics. However, when it comes down to it, this last essay does have a place in the general themes of this book. The academic/scientific specialist, after all, is a member of Homo economicus.

Adam Smith, the father of modern economics, did deal with our topic in The Wealth of Nations (1776), which opens with a discussion of the considerable advantages of specialization. In addition to pointing out the gains in productivity obtainable by relying on specialization, he expressed concerns about what kind of person would emerge from occupations that were intensely specialized. He thought this person would be dull and narrow minded, and he hoped that measures would be taken by society to ameliorate these characteristics. He worried needlessly; increased productivity has allowed for reduction in the hours spent at work, and it has enabled people to engage in other activities, such as travel and reading, that often are quite broadening. And he neglected the advice he gave to policy makers – that they should not imagine that people can be moved about like chess pieces.

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From Economic Man to Economic System
Essays on Human Behavior and the Institutions of Capitalism
, pp. 160 - 178
Publisher: Cambridge University Press
Print publication year: 2008

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