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9 - Change in and Changing Economics

from Part III - Value and Subjectivity

Published online by Cambridge University Press:  11 January 2024

John B. Davis
Affiliation:
Marquette University, Wisconsin and Universiteit van Amsterdam
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Summary

The book’s closing Chapter 9 on change in economics begins with an examination of the methodological problem of explaining what counts as change, and argues change in economics needs to be explained in terms of economics’ relationships to other disciplines. It argues that economics’ core–periphery structure works to insulate its core from other disciplines’ influences upon it, minimizing their influences. This raises the question: Can other disciplines influence economics’ core and potentially produce change in economics? To investigate this question, the chapter develops an open–closed systems model of disciplinary boundary crossings and argues that economics’ core is only incompletely closed and consequently its adopting other disciplines’ contents can change its interpretation. Using the different forms of relationships between disciplines distinguished in Chapter 7, mainstream economics’ relations to other disciplines are argued to currently be interdisciplinarity, but may also be unstable and can break down. When and under what circumstances? Moving from what happens within social science, two sets of external forces influencing change in economics – change in how research is done and historical changes in social values and social expectations regarding what economics is and should be about – are argued likely to increase boundary crossings between economics and other disciplines, undermine the insularity of its core, and move economics toward being a multidisciplinary, more pluralistic discipline. What would then be especially different about economics would be that individuals are seen as socially embedded and an objective economics is seen as a normative, value-entangled science.

Type
Chapter
Information
Identity, Capabilities, and Changing Economics
Reflexive, Adaptive, Socially Embedded Individuals
, pp. 219 - 245
Publisher: Cambridge University Press
Print publication year: 2024

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  • Change in and Changing Economics
  • John B. Davis, Marquette University, Wisconsin and Universiteit van Amsterdam
  • Book: Identity, Capabilities, and Changing Economics
  • Online publication: 11 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009438247.013
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  • Change in and Changing Economics
  • John B. Davis, Marquette University, Wisconsin and Universiteit van Amsterdam
  • Book: Identity, Capabilities, and Changing Economics
  • Online publication: 11 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009438247.013
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Change in and Changing Economics
  • John B. Davis, Marquette University, Wisconsin and Universiteit van Amsterdam
  • Book: Identity, Capabilities, and Changing Economics
  • Online publication: 11 January 2024
  • Chapter DOI: https://doi.org/10.1017/9781009438247.013
Available formats
×