Becoming Applied: The Transformation of Economics after 1970

Roger Backhouse and Beatrice Cherrier

No 2014-15, Center for the History of Political Economy Working Paper Series from Center for the History of Political Economy

Abstract: Abstract: This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became more applied, applied work be ing accorded a higher st atus in relation to pure theory than was previously the case. Discussing new types of applied work, the changing context of applied work, and new sites for applied work, the paper outlines a research agenda that will test the conjecture that there has been a changed understanding of the nature of applied work and hence of economics itself.

Keywords: Applied economics; theory; Clark Medal; JEL codes; core; policy; computation; data; econometrics (search for similar items in EconPapers)
JEL-codes: A10 B20 B40 C00 (search for similar items in EconPapers)
Pages: 32
Date: 2014
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
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Citations: View citations in EconPapers (5)

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