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SummaryScience is a winner‐take‐all profession in which only a few contributions get excessive attention and the large majority of papers receive scant or no attention. This so‐called 'waste', together with all the competitive strategies of scientists seeking attention, is part and parcel of every creative profession and not a worrisome fact, as the price society pays for human ingenuity is extremely small: 0.0006 percent of world income goes into the publication of scientific research. The more worrisome features of competition in academic economics do not reveal themselves through ordinary citation or publication statistics or competitive attention seeking strategies, like starting fads and networking. Badly designed uses of market principles, in which citations and publications have become the sole measuring rod of scientific 'productivity', deserve more attention instead of the excessive focus on being uncited. To detect the real story of scientific progress, or to judge academic work, 'reality economics' or 'learning by asking and watching' should complement citation and publication statistics.

The field of economics proves to be a matter of metaphor and storytelling - its mathematics is metaphoric and its policy-making is narrative. Economists have begun to realize this and to rethink how they speak. This volume is the result of a conference held at Wellesley College, involving both theoretical and applied economists, that explored the consequences of the rhetoric and the conversation of the field of economics

As the transition from socialism to a market economy gathered speed in the early 1990s, many people proclaimed the final success of capitalism as a practice and neoliberal economics as its accompanying science. But with the uneven achievements of the "transition"—the deepening problems of "development," persistent unemployment, the widening of the wealth gap, and expressions of resistance—the discipline of economics is no longer seen as a mirror of reality or as a unified science. How should we understand economics and, more broadly, the organization and disorganization of material life? In this book, international scholars from anthropology and economics adopt a rhetorical perspective in order to make sense of material life and the theories about it. Re-examining central problems in the two fields and using ethnographic and historical examples, they explore the intersections between these disciplines, contrast their methods and epistemologies, and show how a rhetorical approach offers a new mode of analysis while drawing on established contributions