Constitutional Political Economy

, Volume 21, Issue 1, pp 28–49

The ‘science-as-market’ analogy: a constitutional economics perspective

Original Paper

DOI: 10.1007/s10602-008-9061-5

Cite this article as:
Vanberg, V.J. Const Polit Econ (2010) 21: 28. doi:10.1007/s10602-008-9061-5


The ‘science-as-market’ analogy has been used in support of the notion that in science just as in markets competition works as an effective instrument for reconciling the self-interested ambitions of individual agents with the social function that science and markets are supposed to serve. This paper examines the analogy from a constitutional economics perspective, drawing attention to the role that the rules of the constitution of the ‘game of science’ as well as the ‘market game’ play in conditioning the ways in which competition works in the two realms.


Science‘Invisible-hand’ explanationEconomic methodologyConstitutional constraints

JEL Classification


Copyright information

© Springer Science + Business Media, LLC 2008

Authors and Affiliations

  1. 1.Walter Eucken Institut, University of FreiburgFreiburg i.Br.Germany