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Institute for Comprehensive Analysis of the Economy
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The twofold problem of reflection in economics

Interview and book chapter by Katrin Hirte about the problem and effects of missing reflection in economics

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"The economic sciences have a fundamental and dual problem of reflection", Katrin Hirte states in her book contribution "The twofold problem of reflection" in the book "economists for future"

In an interview with Agora 42, she talks about how economics misses its point. And how it unreflectively equates economic activity with the economy. So it equates the sphere of handling resources with the sphere of the organizational and regulatory structure for this handling. And therefore in a second step dismisses itself as actively shaping economy. You can find more about the consequences of this lack of reflection and how it manifests in the corona pandemic in the interview and Hirte's Working Paper on this topic.