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

Nicolas Brisset and Dorian Jullien

Journal of Economic Methodology, 2020, vol. 27, issue 2, 130-145

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.

Date: 2020
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DOI: 10.1080/1350178X.2019.1680857

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