Mathematical modelling in the wake of the crisis: a blessing or a curse? What does the economics profession say?

Bigo, Vinca; Negru, Ioana

doi:10.1093/cje/bet063

Cited by 14 publications

(8 citation statements)

References 11 publications

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“…Editors of the top-ranked journals tend to disagree more than the rest that mathiness is a problem. This finding is consistent with results in Bigo and Negru ( 2014 ) showing that economists approve of the emphasis on mathematics in the profession and if anything, they favor increasing the rigor of mathematical models rather than reducing the emphasis on math.…”

Section: Discussionsupporting

confidence: 90%

Critiques, Ethics, Prestige and Status: A Survey of Editors in Economics

et al. 2021

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This study examines survey data on the views of editors of economics journals on common critiques of the discipline, ethics and editorial practices, and the role of prestige and status in publishing. We utilize an ordered probit model to investigate whether editors or journal characteristics are systematically related to editors’ views, controlling for gender and editorial position. Regression results show that editors from top-ranked journals are less likely to agree with common disciplinary critiques, more likely to support market solutions and less likely to agree with concerns about editorial practices.

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Section: Discussionsupporting

confidence: 90%

Critiques, Ethics, Prestige and Status: A Survey of Editors in Economics

et al. 2021

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“…Editors of the top-ranked journals tend to disagree more than the rest that mathiness is a problem. This finding is consistent with results in Bigo and Negru (2014) showing that economists approve of the emphasis on mathematics in the profession and if anything, they favor increasing the rigor of mathematical models rather than reducing the emphasis on math.…”

Section: The Role Of Prestige and Status In Publishingsupporting

confidence: 89%

Critiques, Ethics, Prestige and Status: A Survey of Editors in Economics

et al. 2021

View full text Add to dashboard Cite

This study examines survey data on the views of editors of economics journals on common critiques of the discipline, ethics and editorial practices, and the role of prestige and status in publishing. We utilize an ordered probit model to investigate whether editors or journal characteristics are systematically related to editors' views, controlling for gender and editorial position. Regression results show that editors from top-ranked journals are less likely to agree with common disciplinary critiques, more likely to support market solutions and less likely to agree with concerns about editorial practices.

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“…During the crises and in their aftermath, many critical IPE scholars recognised the importance of, for instance, the Minskyan financial instability hypothesis or Social Structure of Accumulation-based macroeconomics. (In contrast to critical IPE, mainstream economics has been slow to learn from the crisis it famously failed to anticipate; Mirowski, 2013;Bigo and Negru, 2014;Morgan, 2015; for a recent assessment, see Helgadóttir and Ban, 2021) Subsequently, there has been a marked shift of interest towards heterodox or pluralist economic theories among critically minded academics and laypeople alike -one of the very few positive outcomes of the crises. This is a development to which IPE must respond if it wants to gain wider relevance and improve its explanatory power.…”

Section: The Limits Of Ipe Without Economic Theorymentioning

confidence: 99%

From fragmentation to integration: on the role of explicit hypotheses and economic theory in Global Political Economy1

Kotilainen

Patomäki

2022

Global Political Economy

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IPE is in need of critical self-reflection. A large proportion of scholars have rejected the Open Economy Politics framework, which has dominated American IPE since the late 1990s. While new, unconventional research, both in the US and especially elsewhere, often tackles crucial questions in imaginative ways, we argue that critical IPE is yet to address fully the two key deficiencies from which it has arguably suffered from its very beginning. These deficiencies are the paucity of economic theorisation and the lack of philosophical depth. In this paper, we seek to strengthen the case for the following four claims: (1) there is a limit to how far IPE can go without addressing explicitly the problems of economic theory; (2) mainstream economics remains largely insulated from the concerns of social scientific IPE, but there are several economic theoretical traditions from which such IPE can draw explanatory insights and hypotheses; (3) systematic engagement across research traditions requires an explicit metatheoretical framework such as critical social scientific realism or pragmatism; and (4) IPE should illuminate structures, mechanisms and processes that are not confined by state borders or limited to nation-state interactions. A well-known corollary of (4) is that the field should be called World or Global PE rather than IPE.

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Mathematical modelling in the wake of the crisis: a blessing or a curse? What does the economics profession say?

Cited by 14 publications

References 11 publications

Critiques, Ethics, Prestige and Status: A Survey of Editors in Economics

Critiques, Ethics, Prestige and Status: A Survey of Editors in Economics

Critiques, Ethics, Prestige and Status: A Survey of Editors in Economics

From fragmentation to integration: on the role of explicit hypotheses and economic theory in Global Political Economy1

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