The focus of academic economics: before and after the crisis

Ernest Aigner, Florentin Gloetzl (), Matthias Aistleitner and Jakob Kapeller
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Florentin Gloetzl: Vienna University of Economics and Business, Austria

No 75, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy

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.

Keywords: crisis; economics profession; economic journals; keyword analysis; paradigmatic development (search for similar items in EconPapers)
Pages: 26 pages
Date: 2018-01
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-sog
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Citations: View citations in EconPapers (18)

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Working Paper: The Focus of Academic Economics: Before and After the Crisis (2018)
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