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PARADIGM DEPLETION, KNOWLEDGE PRODUCTION AND RESEARCH EFFORT: CONSIDERING THOMAS KUHN'S IDEAS
Author(s) -
Faria João Ricardo,
Besancenot Damien,
Novak Andreas J.
Publication year - 2011
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.2011.04128.x
Subject(s) - paradigm shift , orthodoxy , economics , stock (firearms) , production (economics) , shadow (psychology) , epistemology , neoclassical economics , positive economics , mathematical economics , philosophy , microeconomics , psychology , history , theology , archaeology , psychotherapist
This paper deals in a Stackelberg differential game with Kuhn (1962) ideas of paradigm depletion and resiliency. Paradigm is considered as potential knowledge, as a stock of ideas that can be harvested to produce science. The results are: (i) paradigm depletion can be optimal, (ii) the optimal editor's shadow price of potential knowledge must be non‐positive, if it is positive, the editor is a keeper of the orthodoxy rather than a scientist, (iii) editor's and/or researcher's impatience is bad for science, and (iv) in equilibrium editor's behavior does not matter for research effort, while only editor's behavior matter for the paradigm.