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The Binding Force of Economics

In: Contemporary Methods and Austrian Economics

Author

Listed:
  • Colin Harris
  • Andrew Myers
  • Christienne Briol
  • Sam Carlen

Abstract

A discipline is bound by some combination of a shared subject matter, shared theory, and shared technique. Yet modern economics is seemingly without limit to its domain. As a discipline without a shared subject matter, what is the binding force of economics today? The authors combine topic modeling and text analysis to analyze different approaches to inquiry within the discipline of economics. The authors find that the importance of theory has declined as economics has increasingly become defined by its empirical techniques. The authors question whether this trajectory is stable in the long run as the binding force of the discipline.

Suggested Citation

  • Colin Harris & Andrew Myers & Christienne Briol & Sam Carlen, 2022. "The Binding Force of Economics," Advances in Austrian Economics, in: Contemporary Methods and Austrian Economics, volume 26, pages 69-103, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-213420220000026006
    DOI: 10.1108/S1529-213420220000026006
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