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The model (also) in the world: extending the sociological theory of fields to economic models

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  • Nicolas Brisset
  • Dorian Jullien

Abstract

The goal of this paper is to provide a methodological perspective on economic models that accounts for some sociological dimensions of economics, in two senses. Firstly, we are interested in how modeling is an activity that is constrained by the (implicit and explicit) rules underlying the accumulation of academic prestige within economics and at the same time can be a means to change these rules. Secondly, we are interested in how, for a given model, this dynamic can be influenced by the use(s) of that model outside of economics. We first provide a restatement of Brisset’s [(2018). Models as speech acts: The telling case of financial models. Journal of Economic Methodology, 25(1), 21–41] original contribution. We then put this clarified methodological perspective to work on a new case study, i.e. on the dual models at the frontier between behavioral and standard economics.

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  • Nicolas Brisset & Dorian Jullien, 2020. "The model (also) in the world: extending the sociological theory of fields to economic models," Journal of Economic Methodology, Taylor & Francis Journals, vol. 27(2), pages 130-145, April.
    • Handle: RePEc:taf:jecmet:v:27:y:2020:i:2:p:130-145
    DOI: 10.1080/1350178X.2019.1680857
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    Cited by:

    1. Nicolas Brisset & Benoît Walraevens, 2021. "From Capital to Property: History and Justice in the Work of Thomas Piketty," GREDEG Working Papers 2021-28, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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