Why did mainstream economics miss the crisis? The role of epistemological and methodological blinkers

Cameron, John; Siegmann, Karin Astrid

doi:10.1108/10748121211256766

Cited by 5 publications

(3 citation statements)

References 28 publications

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“…It is not the aim here to discredit work within the field of global governance; it is simply to highlight their centers of focus and responsibility and what intellectual blinders this can create [67]. Of course, working to improve global policy structures will no doubt have positive effects, especially for the community-based activists and advocates that engage in those spaces [55,56,68].…”

Section: "Community Needs" Approach To Engaging In Global Governancementioning

confidence: 99%

Grassroots and Global Governance: Can Global–Local Linkages Foster Food System Resilience for Small Northern Canadian Communities?

Johnston¹,

Spring

2021

Sustainability

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Communities in Canada’s Northwest Territories (NWT) are at the forefront of the global climate emergency. Yet, they are not passive victims; local-level programs are being implemented across the region to maintain livelihoods and promote adaptation. At the same time, there is a recent call within global governance literature to pay attention to how global policy is implemented and affecting people on the ground. Thinking about these two processes, we ask the question: (how) can global governance assist northern Indigenous communities in Canada in reaching their goals of adapting their food systems to climate change? To answer this question, we argue for a “community needs” approach when engaging in global governance literature and practice, which puts community priorities and decision-making first. As part of a collaborative research partnership, we highlight the experiences of Ka’a’gee Tu First Nation, located in Kakisa, NWT, Canada. We include their successes of engaging in global network building and the systemic roadblock of lack of formal land tenure. Moreover, we analyze potential opportunities for this community to engage with global governance instruments and continue connecting to global networks that further their goals related to climate change adaptation and food sovereignty.

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Section: "Community Needs" Approach To Engaging In Global Governancementioning

confidence: 99%

Grassroots and Global Governance: Can Global–Local Linkages Foster Food System Resilience for Small Northern Canadian Communities?

Johnston¹,

Spring

2021

Sustainability

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“…With mainstream economics' central role in business education, this economistic dominance is associated with the increased narcissism of business students (O'Rourke, 1998;Westerman et al, 2012). The role of economistic dominance in blinding us to the emergence of the 2008 financial crisis has been well-argued by many, for example, by Cameron and Siegmann (2012).…”

Section: Mainstream Economics As a Particular Language Than Dominatesmentioning

confidence: 99%

Learning from interacting: language, economics and the entrepreneur

O'Rourke

2014

On the Horizon

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Purpose – The purpose of this article is to provide a method of gaining transdisciplinary insight by focusing on keywords in the language we use. The language of economics dominates discourse about the economy. Analyzing this discourse from a great variety of perspectives has blossomed but promises much more. The study of the keyword “entrepreneur” illustrates the strengths and weaknesses of this diversity of perspectives, and also points to some possible opportunities for enhancing the quality of their interaction. Design/methodology/approach – A broad discourse analytic approach is drawn upon to understand the role the language of mainstream economics plays in our discussions of the economy, to trace the keyword “entrepreneur” as it has been and is used in economics and more general conversations about the economy and to use a keyword approach to create a transdisciplinary understanding of the way the economy is discussed. Findings – Economics in the sense of the mainstream approach that adopts the rational narrowly self-interested, calculating and decontextualized individual as its default assumption is a very particular language that has detrimentally dominated discussions of the economy. “Entrepreneur” is a keyword, the use of which in economics has both strengthened and put constraints on the way it can be deployed in talking about the economy. Focusing on keywords in the language, we use can provide a method of gaining transdisciplinary insight. Research limitations/implications – A short article with such a broad sweep such as this no doubts illustrates the limits imposed by attempts at transdisciplinary communication, but a potential gain from any such interaction is that we might grow to have more informed and genuinely dialogic interactions about the economy. As another way to attempt communication across diverse positions, looking at keywords in the discourse about the economy seems profitable. Social implications – Discourses of economics and the entrepreneur play a huge role in how people construct their roles and representations in the economy. Producing critical and creative understandings of these discourses that allow social actors to benefit from the diversity of completed and potential research work seems imperative in a world facing our current economic and social problems. Originality/value – Discourse analysis of the economy, the entrepreneur and economics has produced many insights but these insights have remained stranded in intellectual niches. As studies of language and the economy continue to blossom this article stresses the need, and points to some opportunities, for more fruitful interaction, by adopting a keyword approach.

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“…A flood of responses followed the shock questioning the state of economic theory and the role of economists in addressing the crisis. A substantial body of criticism coming from outside the mainstream scientific community investigated various aspects of the 'economic crisis -crisis in economics' problematic (Bresser-Pereira 2010;Bryan et al 2012;Cameron and Siegmann 2012;DeMartino 2011;Fine and Milonakis 2011;Harcourt 2011;Hodgson 2009b;King et al 2012;Kirman 2009;Kurz 2010;Lawson 2009;Palley 2013;Skidelsky and Wigstrom 2010;Zamagni 2009). In this context, the upcoming discussion undertakes a systematic examination and evaluates the intra-paradigm post-crisis responses that followed a shock of such magnitude.…”

Section: The Paradigm Before the Crisis: The New Consensus In Macroeconomicsmentioning

confidence: 99%

Essays in economic theory and crises

Tzotzes¹

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Η παρούσα διδακτορική διατριβή αποτελείται από τρία δοκίμια τα οποία εξετάζουν τρία διακριτά θέματα. Τα δοκίμια, πρώτον, μοιράζονται κοινό εννοιολογικό υπόβαθρο, οπτική, κίνητρο και μεθοδολογική προσέγγιση σε σχέση με θεωρητικά προβλήματα. Δεύτερον, μια σειρά αλληλένδετων ιδεών ενοποιεί και νοηματοδοτεί τα δοκίμια.Στο σύνολο της, η διατριβή αυτή επιχειρεί να φωτίσει την πολυδιάστατη σχέση της οικονομικής επιστήμης με την αντίληψη και την θεώρηση της κοινωνικοοικονομικής διαδικασίας και των οικονομικών κρίσεων. Το συνδετικό μετά-ερώτημα της έρευνας αφορά την εξέλιξη και τη χρησιμότητα της οικονομικής επιστήμης εστιάζοντας στη λογική συνέπεια, την εσωτερική συνοχή και γνωσιολογική αξία της θεωρίας με έμφαση στην ικανότητά της να διερευνήσει τα κοινωνικά και οικονομικά φαινόμενα καθώς και στη σχέση της με το οικονομικό, κοινωνικό, πολιτικό και ιδεολογικό πλαίσιο αναφοράς, σε συνθήκες κρίσης.Συγκεκριμένα, εστιάζοντας στην αυγή της κλασικής πολιτικής οικονομίας και στην τρέχουσα περίοδο εξετάζονται διαφορετικά φαινόμενα και επίπεδα συνοψιζόμενα α) στην ερμηνεία και την ανάλυση της κοινωνίας και της οικονομίας σε συνθήκες μετάβασης και κρίσης από την πρώιμη οικονομική επιστήμη β) στην οργάνωση της σύγχρονης οικονομίας και ειδικότερα στη νεοκλασική θεώρηση της αγοράς εργασίας σε συνθήκες κρίσης και απορρύθμισης και γ) στις θεωρητικές προεκτάσεις της πρόσφατης κρίσης στο σώμα της οικονομικής επιστήμης και την προοπτική αλλαγής των κυρίαρχων οικονομικών.

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Why did mainstream economics miss the crisis? The role of epistemological and methodological blinkers

Cited by 5 publications

References 28 publications

Grassroots and Global Governance: Can Global–Local Linkages Foster Food System Resilience for Small Northern Canadian Communities?

Grassroots and Global Governance: Can Global–Local Linkages Foster Food System Resilience for Small Northern Canadian Communities?

Learning from interacting: language, economics and the entrepreneur

Essays in economic theory and crises

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