nep-sog New Economics Papers
on Sociology of Economics
Issue of 2019‒08‒19
two papers chosen by
Jonas Holmström
Axventure AB

  1. Practical Significance, Meta-Analysis and the Credibility of Economics By Stanley, T. D.; Doucouliagos, Chris
  2. The power of economic textbooks: A discourse analysis By Bäuerle, Lukas

  1. By: Stanley, T. D. (Deakin University); Doucouliagos, Chris (Deakin University)
    Abstract: Recently, there has been much discussion about replicability and credibility. By integrating the full research record, increasing statistical power, reducing bias and enhancing credibility, meta-analysis is widely regarded as 'best evidence'. Through Monte Carlo simulation, closely calibrated on the typical conditions found among 6,700 economics research papers, we find that large biases and high rates of false positives will often be found by conventional meta-analysis methods. Nonetheless, the routine application of meta-regression analysis and considerations of practical significance largely restore research credibility.
    Keywords: meta-analysis, meta-regression, publication bias, credibility, simulations
    JEL: C10 C12 C13 C40
    Date: 2019–07
  2. By: Bäuerle, Lukas
    Abstract: By conducting a discourse analysis (SKAD) in the field of academic economics textbooks, this paper aims at reconstructing frames and identity options offered to undergraduate students relating to the questions "Why study economics?"and "Who do I become by studying economics?". The analysis showed three major frames and respective identity offerings, all of which are contextualized theoretically, with prominent reference to the Foucauldian reflection of the science of Political Economy. Surprisingly, none of them encourages the student to think critically, as could have been expected in a pedagogical context. Taken together, economics textbooks appear as a "total structure of actions brought to bear upon possible action" (Foucault), therefore, as a genuine example of Foucauldian power structures.
    Keywords: Economic education,textbook economics,discourse analysis,SKAD,Foucault,subjectivation
    JEL: A11 A14 A20 A22
    Date: 2019

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