Harry Truman once said that if you laid all the economists in the world end to end, they still wouldn't reach a conclusion. So much for the dismal science. Chad at CCK has apparently decided to reject science altogether, as it is practiced in the modern academies. He doesn't like the fact that our state legislature was influenced by a USD study that found that an increase in the minimum wage would cost jobs in South Dakota. This is what set him off.
According to the Rapid City Journal, "USD economist Ralph Brown, co-author of the USD study" rejected some criticism by noting the difference between partisan think tanks and peer-reviewed journals.
Brown, . . . said the conclusions in his 30-page report, were based on economic
studies that appeared in “peer reviewed” professional journals. In
contrast, he said, the Economic Policy Institute is a “progressive”
advocacy group with an agenda. As a contrasting example, Brown cited a
Web site for the conservative Employment Policies Institute — a group
with the same “EPI” acronym that draws almost opposite conclusions
about the ultimate effect of raising minimum wages.
Of course the fact that EPI is a partisan advocacy group doesn't mean that its criticisms were unfounded. But Chad takes the extraordinary step of dismissing the whole idea of peer-reviewed journals.
Their claim that their "study" is somehow better is the worse kind of
ivory-towerism -- that their study is "peer-reviewed" because it is
printed in a journal that sits on a dusty shelf in college libraries.
Give me a break. Just because someone prints an article in one of these
rags doesn't mean they are above partisanship.
This is an extraordinary assertion! Peer-reviewed journals are the standard in every academic discipline. If some physicists claims to have discovered a new particle, or a clinical researcher believes she has found an effective drug for treating uterine cancer, the first test will be publication in some "rag" like Nature, or Science, or the Journal of the American Medical Association. What holds true for the hard sciences is also the rule in the flacid sciences, like economics or political science. Chad thinks this "is the worse kind of
ivory-towerism." Wow. I suspose then that a study indicating that Ginseng does not, in fact, boost energy or intellligence, published in a peer-reviewed medical journal, would have no more weight than a counter argument made by an association of health food stores. If that is the standard that CCK wants to promote, well its best that we know now.
Peer review is hardly perfect. But it usually separates the genuine wheat from the fraudulent chaff, as the recent scandal involving stem-cell researcher Hwang Woo Suk demonstates. Perhaps Chad really does have a marvelous alternative to this system. We shudder with anticipation.
Chad also misreads Browns comments. The problem with the Economic Policy Institute is not that it is "progressive," but that it is an advocacy group. That was the point of mentioning the similarly acronymed Employment Policies Institute, a conservative outfit that reached opposite conclusions about the minimum wage. Such think tanks may do good work, and in fact I think that the left-leaning EPI is pretty honest. I have cited them myself. But they do have an axe to grind. And they do not have to submit their work to peer review, which surely must be liberating.
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