Science produces reliable explanations for natural phenomena through observation, experimentation, and deduction. Economics uses similar tools to explain how people allocate and manage scarce resources. The Science & Economics Program at The Rockefeller University explores the intersection of these two fields in order to understand how our choices about resources affect scientific conduct and output, and how scientific advances in turn influence resource choices.
This website is organized around five recurrent themes at the junction of science and economics: Innovation, creating and developing new ideas or things; Rules, laws, regulations, guidelines, norms, and conventions; Money, an efficient medium of exchange; Information, symbols that describe ideas, things, or conditions; and Justice, the equitable distribution of resources.
The Science & Economics Program is launching a new course on March 2, 2011 entitled The Economics of Failure. The syllabus and readings for the course are available in the Courseware section of the website...
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