1. The Focus of Academic Economics: Before and After the Crisis
- Author:
- Ernest Aigner, Matthias Aistleitner, Florentin Glötzl, and Jakob Kapeller
- Publication Date:
- 05-2018
- Content Type:
- Working Paper
- Institution:
- Institute for New Economic Thinking (INET)
- Abstract:
- Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we employ a bibliometric approach and compare the content and orientation of economic literature before and after the crisis with reference to two different samples: A large-scale sample consisting of more than 440,000 articles published between 1956 and 2016 and a smaller sample of 400 top-cited papers before and after the crisis. Our results suggest that – unlike the Great Depression of the 1930s – the current financial crisis did not lead to any major theoretical or methodological changes in contemporary economics, although the topic of financial instability received increased attention after the crisis.
- Topic:
- Economics, Academia, and Economic Crisis
- Political Geography:
- Global Focus