nep-sog New Economics Papers
on Sociology of Economics
Issue of 2018‒04‒02
one paper chosen by
Jonas Holmström
Axventure AB

  1. The focus of academic economics: before and after the crisis By Ernest Aigner; Florentin Glötzl; Matthias Aistleitner; Jakob Kapeller

  1. By: Ernest Aigner (Vienna University of Economics and Business, Austria); Florentin Glötzl (Vienna University of Economics and Business, Austria); Matthias Aistleitner (Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria); Jakob Kapeller (Department of Economics, Johannes Kepler University Linz, Austria)
    Abstract: Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we employ a bibliometric approach and compare the content and orientation of economic literature before and after the crisis with reference to two different samples: A large-scale sample consisting of more than 440,000 articles published between 1956 and 2016 and a smaller sample of 400 top-cited papers before and after the crisis. Our results suggest that – unlike the Great Depression of the 1930s – the current financial crisis did not lead to any major theoretical or methodological changes in contemporary economics, although the topic of financial instability received increased attention after the crisis.
    Keywords: crisis, economics profession, economic journals, keyword analysis, paradigmatic development
    Date: 2018–02

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