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Dissertation

Disciplined reasoning: Styles of reasoning and the mainstream-heterodoxy divide in Swedish economics

01 Sep 2018-
TL;DR: The authors argue that the mainstream-heterodoxy divide is fruitfully understood in terms of the institutionalised stabilisation of a disciplinary style of reasoning, and show how economists understand their scientific approach and its merits.
Abstract: Economics is one of the most influential social science disciplines, with a high level of internal consent around a common theoretical and methodological approach to economic analysis. However, marginalised schools of thought have increasingly unified under the term “heterodox” economics, with their critical stance towards the “neoclassical mainstream” as common denominator. This has spawned debates among scholars about how to understand the nature of the mainstream-heterodoxy divide in economics.This thesis sets out to explain how such a common approach to science is generalised and stabilised in modern economics, and how this process is related to heterodoxy. Grounded in the sociology of science, it aims first to provide an empirical account of the mainstream-heterodoxy dynamics in Swedish economics, and second, to contribute to theory development. Drawing on the literature on distinct styles of reasoning in the history of science, I develop a theoretical framework of relational disciplinary styles of reasoning, which is used to analyse two bodies of empirical material from Swedish economics. The first is an in-depth interview study with researchers in economics, and the second is a document study of expert evaluation reports from the hiring of professors of economics at four of the top Swedish universities during 25 years. Through the two empirical studies, the fine-grained qualitative material provides an insight into the ways economists understand their discipline and the character of proper knowledge production.I argue that the mainstream-heterodoxy divide is fruitfully understood in terms of the institutionalised stabilisation of a disciplinary style of reasoning, and show how economists understand their scientific approach and its merits. The maintenance of the style of reasoning is the achievement of the thought collective of economists, where boundaries are constructed in relation to contesting heterodox economics and to other scientific disciplines. I show how the disciplinary style with its conception of good science and the notion of a core of the discipline is linked to the reproduction of disciplinary boundaries. I trace how this plays out through shifting quality evaluation practices, and show how top journal rankings have become a powerful judgement device which links the hierarchical ranking of top journals to the notion of a disciplinary core, and effectively functions as a mechanism of disciplinary stabilisation. In conclusion, I argue that these processes form a self-stabilising system in which the disciplinary style of reasoning and its boundaries is reproduced, with potential implications for how we understand intellectual dynamics and pluralism. (Less)

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Book ChapterDOI
01 Jan 2004
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References
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Journal ArticleDOI
TL;DR: The authors used the economic value of nature as a paradigmatic case, and oil spills litigations in France and the United States as real world empirical illustrations, and suggested that a full-blown sociology of economic valuation must solve three problems: the why, the how, and the then what.
Abstract: How do we attribute a monetary value to intangible things? This article offers a general sociological approach to this question, using the economic value of nature as a paradigmatic case, and oil spills litigations in France and the United States as real world empirical illustrations. It suggests that a full-blown sociology of economic valuation must solve three problems: the “why,” which refers to the general place of money as a metric for worth; the “how,” which refers to the specific techniques and arguments laymen and experts deploy to elicit monetary translations; and the “then what” or the feedback loop from monetary values to social practices and representations.

412 citations

Journal ArticleDOI
TL;DR: The authors argue that economics is undergoing a fundamental shift in its method, away from neoclassical economics and into something new, which is centered on dynamics, recursive methods and complexity theory.
Abstract: This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something new. Although that something new has not been fully developed, it is beginning to take form and is centered on dynamics, recursive methods and complexity theory. The foundation of this change is coming from economists who are doing cutting edge work and influencing mainstream economics. These economists are defining and laying the theoretical groundwork for the fundamental shift that is occurring in the economics profession.

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"Disciplined reasoning: Styles of re..." refers background or methods or result in this paper

  • ...…of thinking.23 In such suppression, methodology is an important tool 23 The authors centre their account on the elusive concept of “elite of the profession” as the central actor in the process of intellectual change, a notion they claim is “understood by those in the 56 (Colander et al. 2004:493)....

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  • ...236 As David Colander (Colander 2005; Klamer and Colander 1989) notes in a follow-up to his well-known study (with Klamer) of elite graduate programmes in economics in the United States, a few decades ago doctoral students could sometimes complain about the lack of courses in the history of thought or philosophy of economics, whereas after the turn of the millennium, these subjects were not even missed by surveyed students....

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  • ...Davis, Tony Lawson, Frederic Lee and others were all involved in the debates around the question of defining and understanding heterodox economics and the mainstream-heterodoxy divide, which was covered in chapter 2 (Backhouse 2000, 2004; Colander 2000; Colander et al. 2004; Davis 2006, 2008; Lawson 2006, 2012, 2013; Lee 2009)....

    [...]

  • ...…to Colander.12 This is also clear when one looks at the purpose of classifying something as orthodox: “in economics at least, the name for the orthodox school usually comes from a dissenter, who is opposed orthodox ideas, not from a supporter of the orthodox ideas” (Colander et al. 2004:491)....

    [...]

  • ...…of neoclassical economics as based on three metaaxioms, as an argument against the thesis of a new mainstream pluralism.20 Davis (2006) as well as Colander et al. (2004) claim that any list of necessary core features of neoclassical economics will soon encounter a modern approach that breaches…...

    [...]

Journal ArticleDOI
TL;DR: Theory is one of the most important words in the lexicon of contemporary sociology as discussed by the authors. Yet, their ubiquity notwithstanding, it is quite unclear what sociologists mean by the words 'theory', 'theoret...
Abstract: ‘Theory’ is one of the most important words in the lexicon of contemporary sociology. Yet, their ubiquity notwithstanding, it is quite unclear what sociologists mean by the words ‘theory,’ ‘theoret...

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Book
28 Jun 1978
TL;DR: In this paper, the authors see science as a social activity, and see the problems of the social control of science as being planned and unplanned, as opposed to spontaneous and spontaneous.
Abstract: The author, seeing science as a social activity, directs our attention to the problems of the social control of science. He discusses the sense in which science as a social activity is planned and unplanned.

365 citations