Für eine Handvoll Euros: Der Markt für Vorträge zur Bewertung des Einflusses der Volkswirtschaftslehre

The belief of many economists that their science has a major impact on the discussion of economic and societal problems is largely based on anecdotal evidence or personal experience. In this article it is proposed to measure the importance with market prices like speaking fees. The results show that economists receive significantly lower fees than journalists and politicians. Due to the restricted data the interpretation has to be done carefully. However, the article may serve as a starting point for using market prices for impact measurement. Copyright 2006 die Autoren Journal compilation 2006, Verein für Socialpolitik und Blackwell Publishing Ltd.